Debt & Equity Archives - Page 132 of 148

Tri-state apartment building bolsters mortgage lending

REW Staff April 30, 2014 April 30, 2014

by REW StaffApril 30, 2014April 30, 2014860

Investors Bank’s Commercial Real Estate (CRE) Lending Group announced a robust first quarter in commercial mortgage financing. To date, the bank has closed 80 deals this year ranging from $1 to $47 million. Joseph Orefice, senior vice president and head of CRE lending, said, “Based on our current financing projections, which...

Debt & Equity Featured

Schorsch goes public with city-centric REIT

REW Staff April 15, 2014 April 15, 2014

by REW StaffApril 15, 2014April 15, 20141062

Nicholas Schorsch’s American Realty Capital (ARC), long known for its many non-traded REITs, seems to have discovered a liking for the stock market. Yesterday, ARC’s formerly non-traded New York Recovery REIT listed on the New York Stock Exchange, making it the first publicly traded REIT focused exclusively on New York City. Shares of the REIT, which has invested more than $2 billion in office and retail space since 2010, began trading at $10.70. A week earlier, ARC’s American Realty Capital Healthcare Trust, which owns around $2 billion worth of healthcare-related real estate across the U.S., had begun trading on the NASDAQ exchange.

Debt & Equity

Transactions: Meridian, GCP, Hybrid, Massey Knakal, Eastern Union

REW Staff April 11, 2014 April 11, 2014

by REW StaffApril 11, 2014April 11, 2014769

Meridian Capital announced the following transactions: • A new mortgage of $10,300,000 was placed on a six-story, 84-unit multifamily property on Roosevelt Avenue in Flushing, NY. The loan features a rate of 3.00% and a five-year term. This transaction was negotiated by Israel Schubert and Michael Farkovits. • A new...

Debt & Equity

M&M arranges $14M in loans

REW Staff April 10, 2014 April 10, 2014

by REW StaffApril 10, 2014April 10, 2014778

Marcus & Millichap Capital Corp. arranged two loans totaling $14.15 million. A New York City property was refinanced for $7.15 million, while an acquisition in Coral Gables, Fla. was funded by $7 million in financing. Jerry Kray, a senior originator in the firm’s Manhattan office, handled both assignments. The New...

Construction & Design Deals & Dealmakers Debt & Equity

Hudson dives into deal with hurricane rebuilding fund

REW Staff April 9, 2014 April 9, 2014

by REW StaffApril 9, 2014April 9, 2014814

MNS Investment Sales and Advisory, a division of MNS Real Estate, has arranged the sale of two properties in Sheepshead Bay totaling $39.5 million. The properties, located at 1125 Banner Avenue and 2750 East 12th Street, include 102 newly constructed rental units and 70 parking spaces. The Hudson Companies, Inc.,...

Construction & Design Deals & Dealmakers Debt & Equity Headline

Builders crunching numbers to land best deals

REW Staff April 4, 2014 April 4, 2014

by REW StaffApril 4, 2014April 4, 20141296

James Nelson of Massey Knakal sat down with David Von Spreckelsen of Toll Brothers, Ken Horn of Alchemy Properties and Michael Stern of JDS Development to discuss their current projects and the real estate landscape in New York City. All three said today's skyrocketing land prices have given them pause - but agree apartment prices are blowing their minds!

Debt & Equity

FINANCE BRIEFS: Eastern navigates market like GPS; $23M Rockefeller loan; Cherry Hill mortgage

REW Staff April 3, 2014 April 3, 2014

by REW StaffApril 3, 2014April 3, 20141501

●EASTERN UNION Navigating the markets like a GPS Eastern Union Funding announced the company closed over a quarter billion in deals during the last days of March. The month also saw $461 million in new deals under application and 400 new loan submissions. Executives attribute the activity to brokers’ relationships...

Debt & Equity

Spring showers CMBS market with good news

REW Staff April 3, 2014 April 3, 2014

by REW StaffApril 3, 2014April 3, 2014779

The rate for US commercial real estate loans in CMBS fell 24 basis points in March to 6.54%, according to the newest Trepp report. The last time the Trepp US CMBS delinquency rate was below this level was over four years ago, in January of 2010. Today’s rate is 288...

Debt & Equity Featured Residential

Elliman partners with Federal Saving Bank

REW Staff April 3, 2014 April 3, 2014

by REW StaffApril 3, 2014April 3, 2014889

Douglas Elliman Real Estate announced a partnership with The Federal Savings Bank (TFSB), one of the largest privately held banks focused on residential home lending in America. “The home mortgage is critical to our core business, the buying and selling of real estate,” said Dottie Herman, president and CEO of Douglas Elliman.

Debt & Equity

Arbor joins Freddie program

REW Staff April 3, 2014 April 3, 2014

by REW StaffApril 3, 2014April 3, 2014780

Arbor Commercial Mortgage, a national, direct commercial real estate lender, has been approved by Freddie Mac’s as its newest Program Plus multifamily lender and in-house servicer. Freddie Mac’s Program Plus network is a group of experienced multifamily lenders with more than 150 branches across the nation. Program Plus Seller/Servicers are...