Category : Debt & Equity

TRANSACTIONS: Meridian Capital places $23,250,000 mortgage on NJ multifamily
Debt & Equity

TRANSACTIONS: Meridian Capital places $23,250,000 mortgage on NJ multifamily

REW
by REW4208
Eastern Union Funding announced the following transactions: • A $21,000,000 first lien mortgage for the acquisition of a 266-unit multifamily property in Kingston, NY. This transaction was arranged by Jeffrey Seidenfeld. • A $17,600,000 first lien mortgage for the acquisition of a 309-unit multifamily property in Greenville, SC. This transaction was arranged by David...
Bronx nursing home lands first HUD-insured loan for $104M
Debt & Equity

Bronx nursing home lands first HUD-insured loan for $104M

REW
by REW5535
Berkadia announced $104.27 million in financing for Workmen’s Circle Multicare Center, a skilled nursing facility in Bronx, New York. Managing Director Richard Price of Berkadia’s Chevy Chase office and Senior Director Gemma Geldmacher of Berkadia’s Boston office secured the loan through HUD on behalf of Woodbury, New York-based Cassena Care....
Debt & Equity

Houlihan-Parnes secures $15 million mortgage on Mt. Pleasant properties

REW
by REW2218
Andrew Greenspan, James J. Houlihan and Bryan Houlihan of Houlihan-Parnes Realtors, LLC and GHP Office Realty have secured placement of a first mortgage in the amount of $15 million on two properties located at 115-117 Stevens Avenue, Mt. Pleasant, New York. The complex contains a total of 182,630 rentable square...
Debt & Equity

City Urban Realty, Stellar Management get $21M loan for Canal Street building

REW
by REW3048
Michael Alvandi’s City Urban Realty and Stellar Management have successfully completed a refinance of 243 Canal Street. The deal closed on June 13. Signature Bank provided a $21 million loan which included a $2.5 million gap mortgage. GCP Capital Group’s Alan Perlmutter negotiated the financing. The partnership acquired the pre-war...
Newmark Knight Frank arranges $52M loan for 34th St. building
Debt & Equity

Newmark Knight Frank arranges $52M loan for 34th St. building

REW
by REW1479
Newmark Knight Frank has arranged a $52 million floating-rate loan for the refinancing of 263 West 34th Street. A Newmark Knight Frank team of Vice Chairmen and Co-Heads of Debt & Structured Finance Dustin Stolly and Jordan Roeschlaub, Senior Managing Director Daniel Fromm and Managing Director Nick Scribani represented the...
Mack antes up $295M to fund development of Philadelphia condo tower
Debt & Equity

Mack antes up $295M to fund development of Philadelphia condo tower

REW
by REW2062
Newmark Knight Frank has arranged a $295 million floating-rate loan on behalf of Southern Land Company (SLC), for the construction of the Laurel, located in Philadelphia, PA. The loan was provided by Mack Real Estate Credit Strategies. The Newmark Knight Frank team was led by Dustin Stolly and Jordan Roeschlaub,...
Debt & Equity

Simon Baron Group closes on $240M in refinance of Long Island City’s ALTA+

REW
by REW2126
Affiliates of Simon Baron Development Group LLC have announced a $240 million refinancing of ALTA+, a 467-unit luxury building located at 29-22 Northern Boulevard in Long Island City, New York. The lenders were Société Générale and Deutsche Pfandbriefbank (“PBB”). Eastdil Secured arranged the financing on behalf of ownership. “A transaction...