Category : Debt & Equity

$68M Capitol loan closed by Greystone team
Deals & DealmakersDebt & Equity

$68M Capitol loan closed by Greystone team

REW
by REW1957
Greystone has provided a $68,500,000 Fannie Mae Delegated Underwriting and Servicing (DUS) loan to refinance a Section 8 seniors housing property, Capitol Apartments, in New York City. The transaction was originated by Rob Meehan and Jon Morales of Greystone on behalf of Fifty First Capitol Associates. The $68.5 million Fannie...
Procida funds $39M construction loan
Deals & DealmakersDebt & Equity

Procida funds $39M construction loan

REW
by REW1775
Procida Funding provided a $39 million construction loan, on behalf of the 100 Mile Fund, to Forte Real Estate Development for its The View at Middlesex apartment development. The 200-unit apartment building is located at 220 and 232 Lincoln Blvd in the Borough of Middlesex, NJ. The mixed-use development will...
Deals & DealmakersDebt & Equity

JLL team makes $47M assist

REW
by REW1602
JLL Capital Markets experts have arranged a $47.5 million loan to refinance The 80th Street Residence, an assisted living facility specializing in enhanced memory care that is located at 430 East 80th Street. The group worked on behalf of owners Wayne Kaplan and Larry Morehead to place the loan with...
Single family rental loans
Deals & DealmakersDebt & Equity

Single family rental loans

REW
by REW5889
Arbor Realty Trust funded $17.3 million in Single-Family Rental (SFR) Portfolio loans across the country.  The following transactions were executed under Arbor’s proprietary SFR Portfolio program: • New Haven SFR – This portfolio consists of 48 properties, each with one to four units, for a total of 65 units. The residences are...
Philadelphia’s 1500 Market office complex gets $388M refi
Debt & Equity

Philadelphia’s 1500 Market office complex gets $388M refi

REW
by REW3119
On behalf of a joint venture between Nightingale Properties and Wafra Capital Partners, Newmark Knight Frank and Walker & Dunlop have arranged $388 million in refinancing of 1500 Market Street, located in Philadelphia, PA. Sources say the loan includes a large component for leasing costs and further property improvements. The...
Debt & Equity

Mondrian Park Ave. Hotel gets $135M in refinancing

REW
by REW2901
Jonathan Aghravi of JBA Equities and his team have secured a $135 million financing package for the Mondrian Park Avenue hotel located at 444 Park Avenue South. The financing package consists of a senior mortgage of $110 million and $25 million of mezzanine financing. The senior mortgage was originated by...
Banking and FinanceDebt & Equity

Hunger for yield driving big gains in net lease sector

REW
by REW2223
U.S. net-lease investment in 2019 is on pace to surpass last year’s record level, with an increasing number of domestic and foreign investors attracted to this asset class by the prospect for strong risk-adjusted returns, according to the latest research from CBRE. Net-lease investment — comprising office, industrial and retail...
Banking and FinanceDebt & Equity

New York rent laws driving multifamily interest to Jersey

REW
by REW1655
Arbor Realty Trust, a multifamily and commercial mortgage lender, recently funded a portfolio of Freddie Mac SBL loans throughout Northern New Jersey. The five properties, totaling 93 units, received $12.7 million in refinance cash-out funding through the program. The loans are 10-year hybrids, featuring 10-year fixed followed by 10-year floating-rates...
Slate finance arm antes up $44M for Arden Group venture
Banking and FinanceDebt & Equity

Slate finance arm antes up $44M for Arden Group venture

REW
by REW1753
Arden Group has secured a $44 million floating-rate loan for the acquisition of 4650 Broadway, a development site in Inwood. Newmark Knight Frank Vice Chairmen and Co-Heads of Debt & Structured Finance Dustin Stolly and Jordan Roeschlaub, worked with Arden Group, along with Nick Scribani, Chris Kramer, Seth Hall and...
Cove lands over $700M loan for Hudson Commons
Banking and FinanceDebt & EquityFinance

Cove lands over $700M loan for Hudson Commons

REW
by REW3369
Cove Property Group has closed on $724.2 million financing for Hudson Commons, its trophy Hudson yards office development. Eastdil Secured and Cole Schotz P.C. represented the developer in securing the loans from affiliates of Blackstone Mortgage Trust. Cove, in partnership with The Baupost Group, purchased the property from Emblem Health...