Category : Debt & Equity

Banking and FinanceDebt & Equity

Blackstone leads $300M Liberty View recap

REW
by REW5504
An investment group led by Blackstone Mortgage Trust has provided a $300 million package to recapitalize Liberty View Industrial Plaza, a 1.3 million-square-foot industrial and mixed-use property in Brooklyn owned by Salmar Properties. The funding’s initial phase reportedly comprises $216 million from Blackstone, Madison Capital, Meadow Partners and Acadia Realty...
Advalurem lifts the Vale
Banking and FinanceDebt & Equity

Advalurem lifts the Vale

REW
by REW1581
Advalurem Group and Pembroke IV have closed a first mortgage loan with Tremont Mortgage Trust. The $14.9 million loan includes $900,000 of proceeds for capital improvements and leasing costs at 1000 Floral Vale, a Class-A LEED Gold certified four-story office building totaling 87,155 s/f built in 2009. The loan has...
Uber Capital shops around
Banking and FinanceDebt & Equity

Uber Capital shops around

REW
by REW2467
Uber Capital Group has sourced $29.5 million in acquisition financing for a four-property, 900,000 s/f retail portfolio in Ohio, Illinois, New Hampshire, and Georgia Led by president and founder Joel J. Gorjian, the company worked on behalf of a private national commercial real estate investment group based in New York...
Banking and FinanceDeals & DealmakersDebt & Equity

Disney attraction draws lender to hotel deal

REW
by REW3821
Berkadia’s Hotels & Hospitality team has announced $140 million in combined financing for four hotel properties that are part of Flamingo Crossings Town Center at the western entrance of the Walt Disney World Resort. The properties include a Residence Inn by Marriott, Fairfield Inn & Suites by Marriott, Home2 Suites...
Debt & Equity

CIT Group antes up $87M loan for multi-story JFK logistics hub

REW
by REW2393
Triangle Equities Development Company and its partners, Township Capital Inc. and L&B Realty Advisors LLP, announced the closing of an $87 million construction loan for the ground-up development of Terminal Logistics Center. The to-be-built, approximately 300,000 s/f Class A air-cargo warehouse and storage facility will rise adjacent to John F....
LI senior development sees $18M investment
Debt & Equity

LI senior development sees $18M investment

REW
by REW3587
JLL Capital Markets has secured $18 million in joint venture equity for Ornstein Leyton Company for the development of The Vineyards at Mount Sinai. The for-sale, age-restricted town home community will feature 91 homes in Mount Sinai, Long Island. Sculptor Capital Management Inc., formerly known as Och-Ziff Capital Management Group,...
Debt & Equity

$32M finance package arranged for Hell’s Kitchen residential property

REW
by REW2071
Stretched senior financing (a senior loan with a mezzanine loan component) has recently been arranged for Emmut Properties’ new 60-unit residential development at 433 West 53rd Street in Manhattan. Berkadia’s Joint Venture Equity and Structured Capital Group in New York, led by Chinmay Bhatt, Noam Franklin and Cody Kirkpatrick, arranged...
Marcus & Millichap Capital Corp. arranges office condo financing
Deals & DealmakersDebt & Equity

Marcus & Millichap Capital Corp. arranges office condo financing

REW
by REW1772
Marcus & Millichap Capital Corp. has arranged $10.5 million in financing for the 41-story, one million square foot office condominium located at 633 Third Avenue in the Mid-Town East Office Market of Manhattan. The Condominium Association required substantial funds to update and modernize mechanicals and infrastructure of the over 50-year...