Category : Debt & Equity

$168M apartments loan
Deals & DealmakersDebt & Equity

$168M apartments loan

REW
by REW1304
Madison Realty Capital has provided a $168 million loan collateralized by the Emerson Lofts, a planned 1,000-unit mixed-use residential development project at 315-326 15th Street in Jersey City. The loan allows the borrower, Manhattan Building Company, to complete the first phase of the fully approved project and will fund predevelopment...
Shorenstein secures $350M financing
Deals & DealmakersDebt & Equity

Shorenstein secures $350M financing

REW
by REW1151
JLL Capital Markets arranged a $350 million loan to finance the leasehold position of 1407 Broadway, a 43-story, 1.1 million-square-foot office building. The group worked on behalf of Shorenstein Properties LLC to place the five-year loan with Barclays. Located on Broadway between 38th and 39th Streets, 1407 Broadway was built...
Apple creates $2.5B housing fund
Debt & EquityFeatured

Apple creates $2.5B housing fund

REW
by REW2783
Apple has unveiled a $2.5 billion plan to help ease Californiaʼs affordable housing crisis The tech conglomerate headquartered in Cupertino, CA, plans to pump the money into accelerating new housing production, jump-starting long-term developments, helping first-time buyers and reducing homelessness. “Before the world knew the name Silicon Valley, and long...
Innovo recaps LIC property with $438M financing
Debt & EquityFeatured

Innovo recaps LIC property with $438M financing

REW
by REW2882
 Innovo Property Group (IPG), a New York City-based investment and operating company founded by Andrew Chung and backed by Nan Fung Group, has closed on a $438 million recapitalization of 24-02 49th Avenue in Long Island City, Queens. IPG previously owned the property with Westbrook Partners and recapitalized the asset through an...
Shorenstein closes on $350M loan for 1407 Broadway
Debt & Equity

Shorenstein closes on $350M loan for 1407 Broadway

REW
by REW1635
JLL Capital Markets arranged a $350 million loan to finance the leasehold position of 1407 Broadway, a 43-story, 1.1 million-square-foot office building. The group worked on behalf of Shorenstein Properties LLC to place the five-year loan with Barclays. Located on Broadway between 38th and 39th Streets, 1407 Broadway sits at...
TRANSACTIONS: GCP places mortgages in the aggregate amount of $32,650,000
Banking and FinanceDebt & Equity

TRANSACTIONS: GCP places mortgages in the aggregate amount of $32,650,000

REW
by REW2561
Emerald Creek Capital announced the following transactions: • An $8,000,000 bridge loan in the city of Miramar, FL in Broward County. The loan is secured by a recently constructed five-story office building with 15 office spaces of varying sizes, anchored by a GSA tenant. Financing was originated by ECC Managing Director Mike...