Merchants makes $66M commitment to senior housing
Merchants vice chairman Mathew Wambua on a mission to preserve affordable housing
Category : Debt & Equity
Naftali funds $62M loan for Delancey St. condo
208 Delancey Street is being developed by New Empire Real Estate Development
Shvo JV inks $545M loan on 711 Fifth Ave
Goldman Sachs has funded a $545 million loan to Michael Shvo and his partners to refinance 711 Fifth Avenue. JLL Capital Markets brokered the loan on behalf of the development group led by SHVO and including Deutsche Finance America and BLG Capital. The 18-story 711 Fifth Avenue was designed by...
Shvo secures $210M acquisition loan
Michael Shvo and his partners have bagged a $210 million loan to fund their acquisition of 530 Broadway. Shvo, along with Turkish outfit BLG Capital and Deutsche Finance America, the US affiliate of German private equity platform Deutsche Finance Group., is purchasing the 200,000 s/f mixed used building for a...
Hugo Neu adding Annex with latest loan package
Developer Hugo Neu Group has secured $14.5 million of New Market Tax Credit (NMTC) loans from Capital One and New Jersey Community Capital (NJCC). The NMTC loans included a $4 million allocation from Capital One Community Renewal Fund and a $10.5 million allocation from NJCC, which also provided Hugo Neu...
Love makes $55M appear for New Jersey project
Love Funding closed two loans totaling $55.6 million for the construction and permanent financing of Riverside Village Senior Apartments and Riverside Village Family Apartments, both in Paterson, New Jersey. Financing was secured by director Leonard A. Lucas through the U.S. Department of Housing and Urban Development’s Section 221(d)(4) loan insurance...
NKF team arranges $20M for Staten Island retail buy
On behalf of Infinity Real Estate, Newmark Knight Frank has arranged a $20.5 million floating rate loan for the acquisition of the Shops at Richmond Avenue on Staten Island. The Newmark Knight Frank team was led by vice chairmen and co-heads of the New York Debt & Structured Finance group,...
ACRES Capital funds $75M loan for latest co-living concept from The Collective
Co-living company, The Collective, has secured $75 million in construction financing for its latest development at 292 North 8th Street in Williamsburg. Terms of the financing, provided by ACRES Capital Corp., were not disclosed. North 8th is an 11-story student housing and short / medium stay co-living development scheduled for...
It’s all about Eve as Mack, Benenson refinance condo construction
Benenson Capital Partners and Mack Real Estate Group have refinanced their construction loan on Eve in the East Village. Cushman & Wakefield negotiated the $81 million, 10-year fixed-rate deal with Germany’s Helaba bank. The firmʼs Steve Kohn, Alex Hernandez, TJ Sullivan and Emily Johansen are exclusive capital advisors tthe the...
The $1.2B Madison International fund that could be virus-proof
Madison International Realty has closed its newest fund with $1.2 billion in commitments. Madison International Real Estate Liquidity Fund VII will target late cycle opportunities around the globe. And, according to founder and president Ron Dickerman, the fund could capitalize on the coronavirus turmoil. “The past weeks have seen periods...