Category : Debt & Equity

Greystone refinances CT nursing home
Deals & DealmakersDebt & Equity

Greystone refinances CT nursing home

REW
by REW1531
Greystone has provided an $8 million HUD-insured loan to refinance a 90-bed skilled nursing facility in Plainfield, Connecticut. The $8,008,000 permanent FHA financing carries a 35-year term and 35-year amortization . Greystone provided a bridge loan to the borrower to acquire the facility earlier in 2019. The family-owned and operated...
Borrower ticks all the right boxes with secondary market opportunity
Banking and FinanceDebt & Equity

Borrower ticks all the right boxes with secondary market opportunity

REW
by REW2487
MLK Real Estate Capital (arranged bridge financing on behalf of a Kentucky-based developer for the adaptive reuse of a vacant 250,000 s/f office property in downtown Louisville. The financing opportunity was originated by managing principals Solomon Kinraich and Ryan Goldstein, who also led the execution of the transaction. “We were...
The four things all bridge loan lenders want to know
Banking and FinanceDebt & EquityOpinion

The four things all bridge loan lenders want to know

REW
by REW3205
By Mordechai Beren, managing director, Structured Finance & Bridge Division, Eastern Union Bridge loans play an essential role in commercial real estate finance. Borrowers use bridge loans to meet a short-term financing need, despite their high rates. And there’s only a relatively select group of lenders willing to offer bridge...
Banking and FinanceDebt & Equity

Minority-owned investment co. lands big role in JFK redevelopment

REW
by REW5657
American Triple I, the investment firm launched by former HUD Secretary Henry Cisneros has been tapped as an equity partner in the new JFK Airport redevelopment. The 100 percent minority-owned and managed business enterprise (MWBE) will partner with JetBlue and JFK Millennium Partners as a 30 percent equity investor in...
New partners bag $45M loan for first buy
Banking and FinanceDebt & Equity

New partners bag $45M loan for first buy

REW
by REW3176
Cushman & Wakefield served as the exclusive advisor to ZG Capital Partners in the procurement of $44.8 million in acquisition financing for the Bruckner Building in the South Bronx. The financing was provided by Ladder Capital. ZG Capital, a partnership between Bobby Zar and James Tamborlane, officially purchased the Bruckner...
Houlihan, GHP close $35M office mortgage
Banking and FinanceDebt & Equity

Houlihan, GHP close $35M office mortgage

REW
by REW2235
Houlihan-Parnes Realtors and GHP Office Realty secured a $35 million mortgage on two Westchester office properties. Bryan Houlihan, Christie Houlihan and Rachel Greenspan arranged the placement of the mortgage on the two Class-A buildings located at 555-565 Taxter Road, Elmsford, New York. The complex contains a total of 371,224 rentable...
Debt & Equity

Beacon JV lands $240M BoA tower loan

REW
by REW2563
PGIM Real Estate Finance has arranged $240 million acquisition financing for the Bank of America Tower, a 35-story Class ‘AA’ office property located in downtown Houston. The financing was arranged on behalf of a joint venture partnership between Beacon Capital Partners, Skanska USA, and an institutional investor. The 780,300 s/f...
ACRES antes up $33M for CT apartment project
Deals & DealmakersDebt & Equity

ACRES antes up $33M for CT apartment project

REW
by REW2120
ACRES Capital Corp. has originated an approximately $33 million loan to fund the conversion of One Atlantic, a historic, nearly 94,000 s/f mixed-use office and retail property, into a 77-unit multifamily building with ground-floor retail. The loan is provided to Stone Harbour Capital, a locally based real estate private equity...