JLL announces it has arranged $19.88 million in financing for the development of 34 Bank, a 126-unit, transit-oriented apartment property located in Netcong, Morris County, New Jersey. JLL worked on behalf of the borrower, a joint venture between CrownPoint Group, The Hampshire Companies and Circle Squared Alternative Investments, to secure...
Madison Realty Capital has provided a $23.7 million loan collateralized by a seven-story mixed-use building at 54 Thompson Street in the SoHo neighborhood of Manhattan. The loan allows the borrower, a private owner, to refinance existing debt, fund tenant improvements and leasing costs, and cover all closing costs associated with...
Madison Realty Capital (MRC) provided a $76 million financing package, that included both an MRC senior loan and additional mezzanine financing from Bluestone Group, to fund the acquisition of a 12-story, 177,966 s/f mixed-use building located at 85 Flatbush Avenue in Downtown Brooklyn. The recently constructed property includes the boutique...
JLL arranged a $53 million bridge loan for Chelsea Square, a 113,629 s/f boutique office property in the Penn Plaza submarket of Manhattan. JLL worked on behalf of the borrower, HSP Real Estate Group, to secure the three-year financing through Ladder Capital. Chelsea Square is located at 251 West 30th...
Greystone, a commercial real estate lending, investment and advisory company, has provided $179.2 million in Freddie Mac loans to refinance four multifamily properties totaling 1,188 units. The loans were originated by PJ McDevitt, an originator for Greystone, on behalf of Watermark Residential. Christopher Hilbert of 3G Capital Advisors served as...
GCP Capital Group has arranged mortgage financing in the aggregate amount of $62,200,000 for the following properties: • $24,550,000 combined financing for a portfolio of eleven multifamily apartment buildings containing a total of 213 units with 2,800 s/f of commercial space, located throughout Manhattan. Paul Greenbaum, Managing Member of GCP Capital Group, arranged...