Category : Debt & Equity

Debt & Equity

Besen sees debt space grow

REW Staff
by REW Staff839
Jonathan B. Horn, managing partner of The Besen Group NJ and Besen Special Assets, announced a successful first half of 2013. Along with senior director Samuel P. Boyd, analyst Cristian Oancea and associates Todd Burnaford and Zachary Tuckman, the team was able to trade over 26 individual commercial and residential...
FFN helping community banks clean up
Debt & Equity

FFN helping community banks clean up

REW Staff
by REW Staff731
First Financial Network, Inc. (FFN) announced today the offering of a $200 million performing and no-performing loan portfolio on behalf of a community bank. The portfolio consists of commercial real estate, C&I, agricultural, residential and consumer loans. Approximately one-third of the loans in the portfolio are performing and the remainder...
Deals & DealmakersDebt & Equity

Title diva a matchmaker to real estate industry

REW Staff
by REW Staff752
Connie Alimena is rarely in her office. Instead she is in four or five meetings a day with attorneys, brokers, bankers and developers, stopping by their offices or meeting up for coffee, making introductions or catching up. Her business is selling title insurance for Statewide Abstract Corporation, but she says her real business is building relationships. “I’ve been in that situation where we’re at the table and I’ve brought everyone together, and that’s really the best part of what we do,” she said.
Debt & Equity

Bank keeps its word

REW Staff
by REW Staff708
Massey Knakal Capital Services announce the closing of a $49.5 million loan collateralized by a 156-unit cooperative building on Manhattan’s Upper East Side. The loan featured a ten-year term and an interest rate of 3.625%. “The members of the co-op board were aware of the rising rate environment and decided...
Deals & DealmakersDebt & Equity

New loan platform aiming to invest $1B within year

REW Staff
by REW Staff926
Square Mile Capital Management LLC and USAA Real Estate Company have launched a commercial real estate investment platform that will specialize in the origination and acquisition of high-quality secured real estate debt. The sponsors, which have already begun deploying the $300 million of capital that Square Mile and USAA Real...
Debt & Equity

HFF arranges $100M Murray Hill loan

REW Staff
by REW Staff674
HFF arranged $100 million in long-term financing for a 510-unit, high-rise in Murray Hill. HFF worked on behalf of the borrower to secure the 20-year, fixed-rate loan through Prudential Mortgage Capital Company. The property is located on 39th Street, between First and Second Avenues. The 39-story building consists of studio,...
Debt & Equity

Banks, insurers build $291M cash pile

REW Staff
by REW Staff825
The Richman Group Affordable Housing Corporation, a sponsor of equity funds for affordable housing, has closed a $166 million fund. Fund 89 will include a diversified portfolio of properties located in 18 states. Investors in Fund 89 included 11 institutional investors comprised of insurance companies and banks. Richman also closed...
Can the smart money outwit rising interest rates?
Debt & EquityViews

Can the smart money outwit rising interest rates?

REW Staff
by REW Staff809
By Mark Scott, president Commercial Mortgage Capital With the Federal Reserve’s continued indecision regarding the fate of bond-buying programs and the likelihood that interest rates will rise, smart money is going to great lengths to lock in long term rates. Last week, Federal Reserve chairman Ben Bernanke testified before the...
Debt & EquityFeatured

Meridian’s $230M Steinway deal

REW Staff
by REW Staff699
Meridian Capital Group negotiated $230 million in acquisition financing for the purchase of Steinway Hall at 109-113 West 57th Street on behalf of JDS Development Group. The one-year, interest-only loan features a fixed-rate and two six-month extension options. Managing directors Aaron Appel and Moshe Majeski originated and executed the financing. As part of this transaction, JDS Development Group also recapitalized and consolidated their existing development parcel at 105-107 West 57th Street.
Debt & Equity

TIAA-CREF, Henderson form investment co.

REW Staff
by REW Staff863
TIAA-CREF and Henderson Global Investors, one of Europe’s largest investment managers, are launching a new global real estate investment management company, TIAA Henderson Global Real Estate. The new company will offer clients global real estate investment opportunities while helping to accelerate the growth of each firm’s real estate business. TIAA...