Debt & Equity Archives - Page 117 of 148

Transactions: Meridian Capital’s $4.3M mortgage on West 36th St., GCP Capital’s $107M in mortgage financing

REW July 8, 2015 July 8, 2015

by REWJuly 8, 2015July 8, 2015846

Meridian Capital Group announced the following transactions: A new mortgage of $4,300,000 was placed on a five-story, 20-unit mixed-use property with 2,100 square feet of retail space located on West 36th Street in New York, NY. The loan features a rate of 2.50% and a five-year term. This transaction was...

Debt & Equity

Eastern Union Funding lowers fees as brokerage barrels towards another record year

REW July 8, 2015 July 8, 2015

by REWJuly 8, 2015July 8, 2015865

Pioneering money broker Ira Zlotowitz has announced he will cap his company’s fee for the second time in a year as Eastern Union Funding barrels towards another record year. “Borrowers have questioned for years why a $100 million deal warrants a fee five times the size of a $20 million...

Debt & Equity

Transactions: Meridian Capital’s $16.6M multifamily mortgage, Arbor Commercial’s $378M in loans

REW July 1, 2015 July 1, 2015

by REWJuly 1, 2015July 1, 20151318

Meridian Capital announced the following transactions: A new mortgage of $16,600,000 was placed by Meridian on a 114-unit multifamily property located on Parsons Boulevard in Flushing, NY. The loan features a rate of 2.88% and a seven-year term. This transaction was negotiated by Avi Weinstock and Chaim Tessler. A new...

Debt & Equity

Greystone establishes EB-5 group

REW July 1, 2015 July 1, 2015

by REWJuly 1, 2015July 1, 20151186

Greystone, a private real estate lending, investment, servicing and advisory company, has created a new group to provide EB-5 financing for real estate developers. Greystone’s group is the industry’s first EB-5 sponsor with the capabilities and financial strength of a full-service real estate lender, investor, fiduciary, servicer, developer, and advisor....

Debt & Equity

Changes to Visa program will impact real estate developments

REW July 1, 2015 July 1, 2015

by REWJuly 1, 2015July 1, 20151062

By Janire Lamiquiz, Borah, Goldstein, Altschuler, Nahins & Goidel, P.C. The EB-5 visa program will experience substantive changes in the upcoming months as the current program will expire in September 2015 and Congress is expected to pass a more restraining regulation when renewing it. In addition, the recent announcement by...

Debt & Equity

JLL secures $21M construction finance for Bushwick glassworks redevelopment

REW July 1, 2015 July 1, 2015

by REWJuly 1, 2015July 1, 20151263

On behalf of ASH NYC LLC, JLL’s Capital Markets experts has secured $21 million in construction financing for 336 Himrod Street, a mixed-used, 80/20 development in Brooklyn’s Bushwick neighborhood. Santander Bank, N.A. provided the loan. Vice president Jonathan Schwartz and managing director Max Herzog led the JLL team on the...

Debt & Equity

How big is the Small Balance Real Estate opportunity?

REW July 1, 2015 July 1, 2015

by REWJuly 1, 2015July 1, 20151676

By Matt Burk, CEO, Fairway America Among the most popular forms American investment took in the 20th century — not to mention being among the most accessible and lucrative forms, perhaps explaining that popularity — was residential real estate. At the cusp of the 21st century, that investment was even...

Debt & Equity

Crowdfunding platform CityFunders eyeing Bushwick investment

REW July 1, 2015 July 1, 2015

by REWJuly 1, 2015July 1, 20151370

New York-exclusive real estate crowdfunding platform CityFunders, is eyeing Bushwick for its next investment. The company launched in June by brothers Albert and David Behin has already committed to raise $1 million in equity for a new 467-unit rental tower being built by Simon Baron Development in Long Island City....

Debt & Equity

First BanCorp sells $199M loan portfolio

REW July 1, 2015 July 1, 2015

by REWJuly 1, 2015July 1, 2015971

Investors were lining up to squeeze dollars from a loan portfolio offloaded by Puerto Rican banking company First BanCorp as it works to eliminate risk from its balance sheets. Mission Capital Advisors announced that its Commercial Loan Sales and Trading Group arranged the sale of the loan portfolio with $199.8...

Debt & Equity

Meridian arranges $35M retail, office financing

REW June 24, 2015 June 24, 2015

by REWJune 24, 2015June 24, 2015955

Meridian Capital Group negotiated $22.8 million in permanent and mezzanine financing for the purchase of Solomon Plaza, a retail and office property in Brooklyn, NY. The financing is composed of a $15 million senior mortgage, provided by Signature Bank, and a $7.8 million mezzanine loan, provided by RCG Longview. The...