Category : Debt & Equity

Madison Realty Capital announced its purchase of a single-borrower portfolio of six loans from a large commercial bank, in a relationship-based, off-market transaction. The aggregate principal balance of the purchased loans, secured by six different multifamily and mixed-use properties owned by the same borrower, was approximately $18 million. Brian Shatz,...

Carlton Group chairman Howard L. Michaels announced a major closing at 8701 Collins Avenue in Miami Beach. The transaction includes the former Biltmore Terrace Hotel and will facilitate Bizzi Development and Terra Capital’s acquisition of a prime two acre site which sits directly on 200 feet of ocean frontage. Working...

Englewood Cliffs based-The 100 Mile Fund provided a $12,300,000 construction loan to the project known as The Shoppes & Residences at New Visions in Brick Township, NJ. The project consists of two separate developments; a mixed-use project which will consist of 21,109 s/f of retail space and 44 rental units,...

Lenders are predicting “substantial growthˮ in commercial real estate lending volume over the next year, and believe market-underwriting standards will ease for office, retail and industrial properties. In it’s fourth survey of CRE lending sentiment, the Real Estate Lenders Association (RELA) found that a net share of 48 percent of...

Arbor Commercial Funding, LLC announced the recent funding of 31 loans totaling $197,558,000 under a variety of financing programs, including the Fannie Mae Delegat Underwriting & Servicing (DUS) Loan, Fannie Mae DUS Small Loan, Fannie Mae DUS Student Housing, Fannie Mae DUS Supplemental, Fannie Mae DUS Military Housing,  Fannie Mae DUS Multifamily Affordable Housing and Arbor Realty Trust Bridge product lines.  All of the loans were originated by Stephen York, vice president in Arbor’s New York City office. “Arbor strives to provide all of our clients with the loan product that is best for them nationwide,” York said. “With such...

Madison Realty Capital (MRC) has closed on a $38,000,000 first mortgage bridge loan for the acquisition of the former St. John’s Queens Hospital building at 90-02 Queens Boulevard in Elmhurst, Queens. The new funding facilitates the purchaser’s plan to redevelop the 266,322 s/f medical facility, which has been closed since...