Category : Debt & Equity

Transwestern raises $200M for new fund
Debt & Equity

Transwestern raises $200M for new fund

REW
by REW1399
Transwestern Investment Group (TIG) announced it has raised $200 million for TSP Value and Income Fund II, a real estate investment fund that will focus on current income while providing value creation. At the final closing for Fund II, 40 percent of Fund II equity was already committed to seed...
Debt & Equity

Developers seeking $36M in EB5 finance for Brooklyn hotel

REW
by REW2101
George Washington Immigrant Group announced it aims to provide $36 million in EB-5 financing for VOS Hospitality and SDS. The funds will be used to finance a portion of the costs of constructing BKLN Autograph, a full-service Marriott Autograph Collection hotel projected to open in Brooklyn, New York in 2022....
Innovative financing paves way for Harlem complex
Deals & DealmakersDebt & Equity

Innovative financing paves way for Harlem complex

REW
by REW1803
The city has broken ground for One East Harlem, a one-acre, mixed-use development in East Harlem. The project is a key component of the City’s East 125th Street development project. The project will deliver just over 400 housing units, 300 units of which will be affordable; 65,000 s/f of retail...
Community reinvestment by NYC banks falls sharply
Debt & Equityuncategorized

Community reinvestment by NYC banks falls sharply

REW
by REW4040
A new report from the Association for Neighborhood and Housing Development shows that bank reinvestment in New York City has declined sharply. The biggest declines are in Community Development Lending, Multifamily Community Development Mortgages, and CRA-Qualified Investments As regulators and legislators are debating the future of the Community Reinvestment Act...
Deals & DealmakersDebt & Equity

Wilcox wraps up longterm rental loan

REW
by REW1179
G.S. Wilcox & Co. secured $32 million in financing for Maplewood Crossing located in Maplewood, New Jersey. The recently constructed luxury apartment community contains three buildings with 151-units. Robert Logan, vice president, and Al Raymond, principal, represented the borrower, Elite Properties, to secure the loan with a 20-year term and...
Partners refinance cold storage facility with $35M fixed rate loan
Deals & DealmakersDebt & Equity

Partners refinance cold storage facility with $35M fixed rate loan

REW
by REW1576
Holliday Fenoglio Fowler arranged a $35.75 million refinancing for a fully leased, 182,154 s/fClass A, state-of-the-art cold storage facility located at 275 Blair Road in Avenel, New Jersey. The HFF team worked on behalf of the borrower, a partnership between Advance Realty Investors and Greek Development, to place the 10-year,...
Report: Multifamily mortgages set for another strong year
Debt & Equity

Report: Multifamily mortgages set for another strong year

REW
by REW2855
Commercial and multifamily mortgage originators expect 2019 to be another strong year in lending activity, according to the Mortgage Bankers Association’s (MBA) 2019 Commercial Real Estate Finance (CREF) Outlook Survey. More than half of the top commercial/multifamily firms (55 percent) expect originations to increase in 2019, with one-in-eight (13 percent)...
Report finds industry insulated from slowdown
Debt & Equity

Report finds industry insulated from slowdown

REW
by REW1585
The Real Estate Roundtable’s 2019 Q1 Sentiment Index reveals confidence from commercial real estate industry executives that today’s fundamentally sound CRE markets will prove resilient when the decade-long expansion of the U.S. economy inevitably slows down. The historically long economic expansion, stable interest rates and demand driven supply have sustained...
Debt & Equity

Food and beverage sector getting all shaken and stirred

REW
by REW1381
A CBRE analysis of U.S. consumer spending and demographic patterns suggests significant changes for food-and-beverage operators and the real estate they occupy. Experts predict a greater push for convenient, prepared foods, a growing millennial influence, and the emergence of inner-ring suburbs as the industry’s hottest market. CBRE’s new report, the...
RGB report shows small building owners buckling under cost weight
Debt & Equity

RGB report shows small building owners buckling under cost weight

REW
by REW1956
By Jackson Chen The city’s property owners are feeling the squeeze of increasing operating costs and proposed legislation. According to the city’s Rent Guidelines Board, the price of operating a rent stabilized building has risen 5.5 percent since March 2018. In its annual review, the RGB tracks several factors including...