Category : Debt & Equity

MRC inks $81M Wythe deal
Debt & Equity

MRC inks $81M Wythe deal

REW
by REW1068
Madison Realty Capital (MRC) provided $81 million of financing for 55 Wythe Avenue in Williamsburg, Brooklyn. The developers are currently building a 260,000 s/f mixed-use property that will include 183 guestrooms, retail space and five stories of commercial office space. After MRC provided the initial acquisition financing of $18.35 million...
Israeli debt-based financing for real estate a growing market
Debt & Equity

Israeli debt-based financing for real estate a growing market

REW
by REW973
By Shahab Moreh, WeiserMazars LLP Prominent real estate owners and developers are sourcing a new form of capital—bonds issued and traded on the Tel Aviv Stock Exchange (TASE). It’s a creative concept, with benefits for both sides of the transaction. The funding technique is also attractive to technology companies, looking...
Caribbean team works $30M mezz loan
Debt & Equity

Caribbean team works $30M mezz loan

REW
by REW976
New York-based law firm Duval & Stachenfeld LLP represented Melody Capital Partners in a transaction for a $30 million mezzanine loan to a subsidiary of British Virgin Islands-based Dolphin Capital Investors, a global investor and developer of large-scale residential resorts in emerging markets. The loan will be used to complete...
Debt & Equity

$30M loan for Rye International Center

REW
by REW683
Marcus & Millichap Capital Corp. (MMCC) has arranged a $29,625,000 acquisition loan for International Corporate Center, a Class A office building in Rye, N.Y. Located at 555 Theodore Fremd Ave., the 168,499 s/f property was developed in 1990. Christopher Marks, an originator in the Manhattan office of Marcus & Millichap...
HFF arranges $40M loan for new Related Cos. tower
Deals & DealmakersDebt & Equity

HFF arranges $40M loan for new Related Cos. tower

REW
by REW712
HFF arranged $40 million in financing for the fee simple interest of 300 Lafayette, a development site at the corner of Lafayette and Houston Streets in Manhattan’s SoHo neighborhood. HFF worked on behalf of the borrower, LargaVista Companies, to secure the 20-year, fixed-rate loan through a national life insurance company....
Construction & DesignDebt & EquityFeatured

Brausers land $62M to build new Fulton Street apartment tower

REW Staff
by REW Staff1445
HFF has arranged $61.75 million in financing for the development of Exhibit, a luxury residential tower comprised of 120 residential rental units and 6,800 s/f of retail space located at 60 Fulton Street in Lower Manhattan. HFF worked on behalf of Gerald Brauser and Steven Brauser of The Parkland Group, LLC to secure a 33-year construction-perm loan through Pacific Life Insurance Company.
Debt & Equity

$45M CMBS deal for Brooklyn med center

REW
by REW863
Meridian Capital Group arranged a $49 million CMBS loan for the refinance of an office property located in Brooklyn, NY on behalf of Marcal Group. The 10-year CMBS loan features a fixed-rate and interest-only payments for the first three years. This transaction was negotiated by Meridian Capital Group senior managing...
10 ways to protect your vacant building
Debt & EquityProperty Managers

10 ways to protect your vacant building

REW
by REW997
By Izzy Green, president & CEO Evergreen Insurance & Risk Management Whether your building is vacant due to a sluggish economy or for some other reason, it’s important to ensure that it’s kept as safe as possible. Vacant commercial buildings can create a number of risk-related challenges. Regardless of whether...
Debt & Equity

Borrower sees retail potential

REW
by REW558
Eastern Union Funding secured a $4.2 million acquisition loan for Wythe Plaza, a retail and shopping complex located at 800 E Main Street in Wytherville, VA. The 99,745 s/f shopping center is owned by Bila Family Partnership. The loan, provided by Mid-Atlantic Financial Partners, was arranged by Eastern Union Funding’s...
Debt & Equity

NBC inks co-op loan

REW
by REW597
National Cooperative Bank (NCB) provided a $25 million first mortgage and a $2.5 million line of credit for Great Neck Terrace. Located at 2 East Mill Drive in Great Neck, New York, the co-operative community consists of 654 units. This most recent loan has a term of 10 years and...