Category : Debt & Equity

Debt & Equity

Transactions: Emerald Creek Capital releases $13M in loans, GCP Capital arranges $40M in mortgage financing

REW
by REW1045
Meridian Capital announced the following transactions: A new mortgage of $55,000,000 was placed on a seven-story, 130-unit mixed-use property with 97,900 s/f of retail space located on Queens Boulevard in Flushing, NY. The loan features a rate of 2.69% and a three-year term. This transaction was negotiated by Cary E....
Mission Capital arranges $309M portfolio loan
Debt & Equity

Mission Capital arranges $309M portfolio loan

REW
by REW910
Mission Capital Advisors Debt & Equity Finance Group has secured 23 separate loans — totaling $309 million — for the refinancing of a portfolio of real estate assets owned by The Seligman Group, a San Francisco-based family office. The 23 refinanced assets comprise the majority of The Seligman Group’s California...
HFF arranged $556 million loan for 425 Park Avenue
Debt & Equity

HFF arranged $556 million loan for 425 Park Avenue

REW
by REW2041
Holliday Fenoglio Fowler arranged a $556 million construction loan for 425 Park Avenue, the new full-block office development being built by L&L Holding Company and GreenOak Real Estate. The loan was secured through Cornerstone Real Estate Advisers, acting on behalf of an institutional investor.  Tokyu Land Corporation will serve as...
Debt & EquityResidential

Cadence closes on $25 million loan to build The Sorting House

REW
by REW1312
New York-based real estate development firm Cadence Property Group has closed on a $24.65 million construction loan for its new luxury condominium building The Sorting House. The condo plan will trasnfrom the former Radio City Post Office originally built in 1930. Law firm Hunton & Williams LLP represented the owner...
Debt & Equity

CMC closes on Gold Coast construction finance deal

REW
by REW924
Mark Scott’s Commercial Mortgage Capital (CMC), has closed $12.5 million in construction financing for Phase II of The Pearl, a residential project on New Jersey’s Gold Coast that will consist of 63 luxury condominium units on the waterfront in Edgewater, N.J. The financing was arranged with CIT on behalf of...
Debt & Equity

MRG arranges $272M financing for Long Island office REIT

REW
by REW972
M. Robert Goldman & Company, Inc. has arranged $272.2 million in financing in two transactions for Long Island based GTJ REIT, Inc. Jonathan Goldman and John Robustello were responsible for the debt placements. The first transaction of $233,100,000 covered 28 properties through New York, New Jersey and Connecticut and was...
CBRE secures $29M financing package for apartment project
Debt & Equity

CBRE secures $29M financing package for apartment project

REW
by REW912
CBRE Capital Markets’ Debt & Structured Finance team has secured $29.3 million in construction and mezzanine financing for the development of The Dartmouth, a 171-unit, mid-rise residential project located at 104 Dartmouth Road, Raleigh, North Carolina. Mark Fisher and Alex Furnary of CBRE’s Midtown Manhattan office arranged and coordinated the...
Investor refinances Bronx portfolio
Debt & Equity

Investor refinances Bronx portfolio

REW
by REW1449
Just over a year ago, it was announced that a Brooklyn-based investor scooped up an affordable housing portfolio for $42.2 million. Aaron Jungreis was the sales broker, and he called it the longest-negotiated deal of his career. The refinance of that same property, however, was light-speed. Last week, the investor...
Holliday Fenoglio Fowler secures $65M multifamily loan
Debt & Equity

Holliday Fenoglio Fowler secures $65M multifamily loan

REW
by REW1180
Holliday Fenoglio Fowler, L.P. secured financing totaling $65 million for a three-property, 974-unit multi-housing portfolio. The properties in the portfolio are: Brighton Arms and Tree Haven in New Jersey and Valley Run in Delaware. HFF worked on behalf of the borrower, PRC Group, to secure fixed-rate financing for the portfolio...
Debt & Equity

Eastern Consolidated expands capital advisory program

REW
by REW1325
Prospect Capital Group (PCG), a boutique capital markets firm, has joined Eastern Consolidated in its expanding Capital Advisory Division. PCG partners Adam Hakim and Sam Zabala, who specialize in highly structured financing deals and have overseen a combined $8 billion in transactions, will both hold the title of managing director...