Category : Debt & Equity

Debt & EquityFeatured

Moinian recaps Oskar with Bank of China loan

REW
by REW4291
The Moinian Group has closed on a $105 million loan from Bank of China to refinance Oskar, the developer’s fully leased luxury residential building at 572 11th Avenue. The $105 million loan, at a fixed rate of 2.82 percent for a period of ten years, replaces the existing construction loan...
Muss borrows $42M for UES office building
Deals & DealmakersDebt & Equity

Muss borrows $42M for UES office building

REW
by REW2315
Charles Cotsalas, senior vice president/managing director of NorthMarq’s Long Island office collaborated with Robert Delitsky, senior vice president/managing director of NorthMarq’s New York City office to arrange a $42 million permanent financing for The Agora Building. Nationwide Life Insurance Company, one of NorthMarq’s correspondent life insurance companies, financed the transaction....
Resnick takes $65M loan on 880 Third
Deals & DealmakersDebt & Equity

Resnick takes $65M loan on 880 Third

REW
by REW2782
The Singer & Bassuk Organization LLC (“SBO”)has announced today the closing of a $65 million loan for 880 Third Avenue at 53rd Street, bringing its total mortgage loan financings for Jack Resnick & Sons to more than $1.69 billion. Andrew J. Singer, Chairman and CEO of SBO. Scott A. Singer,...
Black Bear recaps Bronx portfolio
Deals & DealmakersDebt & Equity

Black Bear recaps Bronx portfolio

REW
by REW2854
Black Bear Capital Partners (BBCP), a subsidiary of Black Bear Asset Management, has arranged $77.7 million in financing on for the refinance of several multi-family portfolios. The ten-year loan featuring a fixed rate of 3.635 percent and ten years of interest-only payments will refinance an eight-property multi-family portfolio in the...
PTM raises $98M fund targeting East Coast opportunity zones
Banking and FinanceDeals & DealmakersDebt & Equity

PTM raises $98M fund targeting East Coast opportunity zones

REW
by REW4580
PTM Partners (PTM) has closed A $97.9 million fund targetting Opportunity Zone investments along the eastern seaboard. PTM Partners Opportunity Zone Fund I, LP has already resulted in three development projects across multiple asset classes including multi-family residential, hospitality and retail, and a soon to-be-announced fourth project. This is the...
Feds monitor Coronavirus as US economy shows signs of good health
Banking and FinanceDeals & DealmakersDebt & Equity

Feds monitor Coronavirus as US economy shows signs of good health

REW
by REW2137
By Linda O’Flanagan The Federal Reserve left interest rates unchanged last week as chairman Jerome Powell said the central bank continues to monitor ongoing risks, including trade tensions and the coronavirus outbreak in China. “We expect moderate economic growth to continue,” said Powell, adding that “uncertainties about the outlook remain,...
Banking and FinanceDeals & DealmakersDebt & Equity

Protestors picket billionaire Bezos penthouse, demand part-time New Yorkers pay luxury tax

Linda O'Flanagan
by Linda O'Flanagan2100
By Linda O’Flanagan New York State Senator Brad Hoylman joined protestors outside Jeff Bezos’ $80 million New York home last week to demand the Amazon founder pay pied-à-terre tax. The protest at 212 Fifth Avenue aimed to highlight the $2.5 million Bezos would owe the city if a proposed pied-a-terre...
Banking and FinanceDebt & Equity

Hotel industry rethinking valuation methods as short-term rentals keep up the pressure

REW
by REW2287
The short-term rental industry will expand to roughly 650,000 actively rented units in the US this year, equal to 12.2 percent of the country’s hotel-room supply, as the fast-growing sector further expands in suburban, rural and resort markets, according to a new report from CBRE. As a result, the STR...