Category : Debt & Equity

Debt & Equity

CBRE closes on $100M loan for Netflix headquarters

REW Staff
by REW Staff905
CBRE Capital Markets’ Debt & Structured Finance team secured a $100 million construction loan for The Grove, in Los Gatos, California. The development will consist of 485,000 s/f of Class A office space in three-and four-story office buildings in a campus environment on a 21-acre site. The first phase —...
Silverstein secures $605M construction financing for 1 West End Avenue
Debt & EquityFeatured

Silverstein secures $605M construction financing for 1 West End Avenue

REW
by REW1231
By Konrad Putzier Silverstein Properties and Elad Group are about to close on $605 million in construction financing for their condo development 1 West End Avenue, according to Silverstein CEO Marty Burger. Above-ground construction work on the project is set to begin in January. Burger announced the news at a...
Debt & Equity

Dwight Capital closes HUD loan

REW Staff
by REW Staff645
Dwight Capital closed a 223(a)(7) loan on The Brittany’s, a 98-unit multifamily complex in Rochester, Minnesota. Josh Sasouness, managing principal at Dwight Capital, originated the $9,320,800 loan, which took only three and a half months, from engagement until close. The property features two and three bedroom luxury townhouses in a...
Debt & Equity

Canyon provides $120M loan for Gowanus plan

REW Staff
by REW Staff887
Canyon Capital Realty Advisors has provided a $120 million senior construction loan to LSG 365 Bond Street LLC, an affiliate of Lightstone, for the ground-up development of a 12-story luxury residential rental community in Gowanus. Meridian Capital Group, a New York City based commercial mortgage broker, advised Lightstone on the...
Mack launches new lending platform for distressed assets
Debt & Equity

Mack launches new lending platform for distressed assets

REW Staff
by REW Staff2046
Mack Real Estate Group (MREG) announced a major expansion of its real estate debt investment activities with the unveiling of a new lending platform focused on transitional and distressed assets throughout North America and in Europe. The direct lending business will be managed by Mack Real Estate Credit Strategies (MRECS),...
Debt & Equity

NorthMarq helps Northeast retail owners shopping for cash

REW Staff
by REW Staff725
NorthMarq Capital retail owners shopping for cash to the tune of nearly $42 million this week. Ernest DesRochers, senior vice president/managing director of NorthMarq Capital’s New York office finalized the $20.771 million refinance of a 50,000 s/f Whole Foods at 150-152 Ledge Road in Darien, Connecticut. The transaction was structured...
Simon Baron Development to fund new micro-housing venture
Construction & DesignDeals & DealmakersDebt & EquityFeatured

Simon Baron Development to fund new micro-housing venture

REW Staff
by REW Staff1574
Stage 3 Properties and Simon Baron Development Group announced the launch of a new micro-housing venture to address the needs of first-time renters in New York City and similarly rent-burdened communities in other cosmopolitan markets. The newly formed partnership aims to assist first time renters in their transition from one life stage to the next by introducing 10,000 high-end micro-units, starting with several major east coast cities, including New York City, Boston, Philadelphia, Washington D.C., and Miami.
Bridge lenders can help little guys get a slice of the Hudson Yards pie
Deals & DealmakersDebt & Equity

Bridge lenders can help little guys get a slice of the Hudson Yards pie

REW Staff
by REW Staff892
By Louise Hohorst and Blake Niehaus, Avant Capital Partners Press coverage profiling the massive redevelopment of Hudson Yards blankets New York City streets and continues to reverberate across social media platforms — and for good reason. The epic development entails no less than 26 million square feet of new office...
Construction & DesignDebt & EquityResidential

Durst gets $410M square deal for his ‘pyramid’ building

REW Staff
by REW Staff1706
The Durst Organization celebrated the topping of its tetrahedron at 625 West 57th Street by closing on a $411.5 million construction loan. Wells Fargo took $110 million of the loan, while BNY Mellon, the syndication agent, took $111.5 million, the Commercial Observer first reported. PNC Bank, M&T Bank and TD...
Eastern Union catering to demand from Israeli investors
Debt & Equity

Eastern Union catering to demand from Israeli investors

REW Staff
by REW Staff988
Eastern Union Funding, one of the largest commercial real estate mortgage brokerages in the United States, has opened a new office in Jerusalem, Israel. The office will be led by Tom Eisenman, managing director and an Israeli Defense Force veteran. Eastern Union Funding spent a year assembling its team in...