Category : Debt & Equity

Debt & Equity

Compliance alliance good news for businesses

REW
by REW659
GFI Insurance Brokerage, Inc. has aligned with TASC (Total Administrative Services Corporation) to enhance its clients’ benefits experience as healthcare reform pushes compliance to the forefront. Through the alliance, GFI Insurance will provide solutions to ensure compliance of the Employee Retirement Income Security Act (ERISA), Consolidated Omnibus Budget Reconciliation Act...
Say it aint so; Lawyer questions new tax grievance law
Debt & Equity

Say it aint so; Lawyer questions new tax grievance law

REW
by REW580
A leading property tax lawyer says a measure signed into law Nov. 21 by Gov. Andrew M. Cuomo to overhaul Nassau’s commercial property tax grievance system in effect will have property tax owners unfairly pay their own property tax refunds. He also said the measure creates new areas of uncertainty...
Debt & Equity

Canyon adds to hospitality portfolio with $157M loan

REW
by REW637
Canyon Capital Realty Advisors has provided a $157 million senior construction loan to a joint-venture between the Related Group of Florida and SBE Hotel Group to finance the development of the SLS Brickell Hotel & Residences. The proceeds of Canyon Capital Realty’s construction loan will be used to develop a...
SteepRock signs $400M deal for subordinate CRE debt
Debt & Equity

SteepRock signs $400M deal for subordinate CRE debt

REW
by REW864
New York-based law firm Duval & Stachenfeld LLP represented SteepRock Capital LLC in a transaction for a $400 million dollar Sub Advisory agreement from a major institutional investor to invest in subordinate real estate debt. The real estate investment firm plans to invest the capital over a three-year period in...
Meridian arranges $737M loan for Putman Portfolio purchase
Deals & DealmakersDebt & Equity

Meridian arranges $737M loan for Putman Portfolio purchase

REW
by REW660
Meridian Capital Group arranged $737 million in acquisition for Brookfield Property Partners to fund the purchase of The Putnam Portfolio, a six-property multifamily portfolio with 4,000 units in Upper Manhattan and on Roosevelt Island. Brookfield is paying a total of $1.04 billion for the portfolio, which encompasses almost 4,000 units...
Real estate industry unanimous in derision of proposed pied a terre tax
Debt & EquityFeaturedResidential

Real estate industry unanimous in derision of proposed pied a terre tax

REW
by REW1138
A year after Bill de Blasio won the mayoral election with a promise of reducing inequality, New York City is caught in a heated debate over the benefits of luxury pied-a-terres. According to their proponents, wealthy pied-a-terre owners literally embody the best of trickle-down economics. To its detractors, pied-a-terres embody the worst of a welfare state for the rich. The long-simmering debate recently took on a degree of urgency when State Senator Brad Hoylman proposed a citywide pied-a-terre tax. But while some economists and public advocates endorsed his proposal, the real estate industry has almost unanimously come out against it.
iFunding crowdfunds itself
Debt & EquityFeatured

iFunding crowdfunds itself

REW
by REW678
It seems fitting that iFunding, a startup that crowdfunds real estate investments, is turning to crowdfunding to fund its own business. The firm is currently raising $1 million on the online platform crowdfunder.com, with an eye on raising an additional $1 million in the near future. The offering values the...
Fortis mulling plan to list office stock
Deals & DealmakersDebt & EquityFeatured

Fortis mulling plan to list office stock

REW
by REW1155
Fortis Property Group is reportedly considering an unusual way to raise capital: listing a portion of a building as a stock. The firm is in early talks with financial firm ETRE to list part of the State Street Financial Center in Boston on a public stock exchange, according to people familiar with the matter.
Debt & Equity

HFF inks $85M Meatpacking loan

REW
by REW981
HFF announced that it has arranged $85 million in financing for a mixed-use portfolio encompassing 19,409 s/f of retail and 82 residential rental units in New York’s Meatpacking District. HFF worked exclusively on behalf of the borrower, a joint venture between Tavros Holdings LLC and Arel Capital, to secure the...
Debt & Equity

Arbor customizes $70M in loans for US multifamily sector

REW Staff
by REW Staff757
Arbor Commercial Funding has recently funded 20 loans totaling $67,538,200 under a variety of product lines, including the Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, Fannie Mae DUS Small Loan, Fannie Mae DUS Military Loan and Arbor Realty Trust Bridge product lines. All of the loans were originated by Alexander...