Category : Debt & Equity

Debt & Equity

Equity giant borrows $205M on 757 Third

REW
by REW937
New York Life Real Estate Investors announced $205 million in financing for 757 Third Avenue. The 503,000 s/f Class A office tower in Midtown is owned by Multi-Employer Property Trust (MEPT), as advised by Bentall Kennedy (US) Limited Partnership. The $205 million loan has a term of 15 years. MEPT...
Construction & DesignDebt & Equity

Micro-apartments attract mezzanine funding

REW
by REW1081
Pembrook Capital Management has closed on a $6.25 million mezzanine loan to fund development of a 123-unit micro-apartment project in downtown Portland. Known as Tess O’Brien, the development consists of two six-story buildings containing 40,604 s/f and offers an amenity package including private courtyard with fire pit and built-in barbecue,...
Kushner Cos. borrows $400M to finance multi-family biz plan
Debt & Equity

Kushner Cos. borrows $400M to finance multi-family biz plan

REW
by REW333
Kushner Companies, a diversified real estate organization headquartered in New York, announced brisk financing activity across its portfolio of properties — totaling $395.8 million — for the first quarter of 2015. The announcement was made by Kushner Companies’ CEO Jared Kushner. This activity was centered in the multifamily portion of...
Banks taking notice of Newark development
Debt & Equity

Banks taking notice of Newark development

REW
by REW1095
Eastern Union Funding arranged a $28.8 million acquisition loan on behalf of Brooklyn-based investment company PF Holdings LLC for its purchase of the Hallmark House in Newark. Eastern Union’s David Metzger and Nate Hyman originated and arranged a fixed-rate non-recourse, 10-year loan with a competitive rate of 3 and a...
TRANSACTIONS: W Financial, HKS Capital, Eastern Union and more
Debt & Equity

TRANSACTIONS: W Financial, HKS Capital, Eastern Union and more

REW
by REW1358
Meridian Capital announced the following transactions: • A new mortgage of $5,600,000 was placed on a six-story, 30-unit multifamily property located on St. Nicholas Avenue in New York, NY. The loan features a rate of 2.75% and a four-year term. This transaction was negotiated by Shamir Seidman and Daniel Neiss....
Debt & Equity

Hanmi opens two new loan production offices

REW
by REW813
Hanmi Financial has opened two new Loan Production Offices (LPOs) in New York and Georgia. Hanmi now has a total of six LPOs nationwide. Chris Hwang, SVP and New York Corporate Banking LPO Manager, will lead the New York LPO located at 1140 Avenue of the Americas. The New York...
Cash injection for title upstart
Debt & Equity

Cash injection for title upstart

REW Staff
by REW Staff881
OneTitle National Guaranty Company, Inc. announced that White Mountains Insurance Group, Ltd. has agreed to provide up to $13 million to OneTitle and will take a minority stake in the company. OneTitle is a licensed New York title insurance underwriter that operates a business model that engages directly with attorneys,...
Debt & Equity

TRANSACTIONS: Meridian negotiates $43M in loans in the Bronx, GCP Capital announces $36M in loans in NYC

REW Staff
by REW Staff1660
Meridian Capital announced the following transactions: • A new mortgage of $7,600,000 was placed on a five-story, 21-unit mixed-use property with 1,800 square feet of retail space located on Bleecker Street in New York, NY. The loan features a rate of 2.75% and a four-year term. This transaction was negotiated...
Debt & Equity

New York investment group buys $100M in P2P loans

REW
by REW770
An un-named New York investment firm has agreed to buy $100 million in loans from the lending platform Money360. The firm was described as a pioneer in online lending in this week’s announcement from the peer-to-peer (P2P) lending platform. Money360 said it has secured $110 million to originate/purchase loans to...
Meridian negotiates $325M loan for RXR’s 32 Old Slip buy
Debt & Equity

Meridian negotiates $325M loan for RXR’s 32 Old Slip buy

REW
by REW885
Meridian Capital Group negotiated $325 million in acquisition financing for the purchase of the leasehold interest in 32 Old Slip on behalf of RXR Realty LLC. The five-year loan, provided by GE Capital, features a fixed-rate below three percent and interest-only payments for the full term. This transaction was negotiated...