TRANSACTIONS: Eastern Union Funding announces $62.85M first-lien mortgage
Eastern Union Funding, GCP Capital Group, Hirshmark Capital, Meridian Capital and Uber Capital Group announce their respective Commercial Real Estate transactions.
Category : Debt & Equity
Arbor funds Fannie Mae loan for cash out refi’
Arbor Realty Trust funded a $19 million Fannie Mae Streamlined Rate Lock (SRL) loan in Santa Monica, CA. The refinance cash-out deal for this 34-unit luxury apartment complex features 10 years full term interest only. Garth Davis of Arbor’s San Francisco office originated the deal. “This deal was unique in...
Shvo secures $210M loan for Soho acquisition
JLL secures the $210 million from LoanCore Capital.
NKF arranges $30M Coachella retail transaction
On behalf of a joint venture between DRA Advisors and Paragon Commercial Group, Newmark Knight Frank has arranged a $30 million floating-rate loan for the refinance of Rancho Las Palmas Shopping Center in Rancho Mirage, California. The Newmark Knight Frank team was led by Vice Chairmen and Co-Heads of Debt...
Greystone provides $36M HUD loan for green development
Greystone provided a $36.4 million HUD-insured construction loan under the HUD 221(d)(4) program to Grubb Properties LLC for the development of Link Apartments 4th Street, a new 224-unit multifamily apartment community located at 501 W. 4th Street in Winston-Salem, NC. The transaction was originated by Paul Fried of Greystone Capital...
Normandy Opportunity Zone Fund borrows $20M
JLL Capital Markets arranged $20.5 million in financing for the acquisition of The Ashton, a newly completed, 93-unit, Class A apartment project in Jersey City, New Jersey. JLL worked to secure the two-year, floating-rate loan through Rialto Capital Management on behalf of the borrower, Normandy Opportunity Zone Fund, LP, a...
JLL arranges warehouse construction deal
JLL Capital Markets arranged $16.76 million in construction financing for the development of a 340,000 s/f Class A speculative warehouse/distribution center in Lawrence Township, New Jersey. JLL worked on behalf of the developer, Penwood Real Estate Investment Management, LLC and Metrix Real Estate Services LLC, to secure the three-year construction...
Voya Investment funds Brooklyn multifamily loan
JLL Capital Markets has secured $17.4 million to finance the acquisition and renovation of 79 Clifton Place, a 40-unit, 52,375 s/f multi-housing building in Clinton Hill, Brooklyn. JLL worked on behalf of The FREO Group to secure the loan, which was provided by Voya Investment Management LLC. The six-story building,...
Carlton Group tapped to raise equity for $775M resort venture
The Carlton Group. Ltd., announced that the real estate investment banking firm has been named the exclusive advisor to Artha Capital for the procurement of $300 million of equity for the $775 million development of NIA, a planned resort community by Marriott International Inc. on Mexico’s Riviera Nayarit. Artha Capital,...
Cresset, Diversified close $465M OZ fund, launch new campaign
Cresset and Diversified Real Estate Capital announced the close of their first Qualified Opportunity Zone (QOZ) fund, the Cresset-Diversified QOZ Fund, after raising the $465 million in capital for the portfolio and the seven underlying projects. Capitalizing on the success of Fund I, and the strength of their investment pipeline,...