Category : Debt & Equity

Debt & Equity

Cronheim Mortgage arranges $10M Princeton loan

REW
Cronheim Mortgage arranged $10 million financing for 277 and 281 Witherspoon Street in Princeton, NJ. The 10-year loan was structured with three years of interest only payments and amortizes over a 30-year schedule. Cronheim brokered the loan on behalf of HP Witherspoon, an affiliate of Princeton-based Herring Properties. Built in...
Lenders give Broadstone REIT a $1.1 billion show of support
Debt & Equity

Lenders give Broadstone REIT a $1.1 billion show of support

REW
Broadstone Net Lease, the Rochester, NY, private real estate investment trust has boosted its borrowing capacity to $1.1 billion. The company announced it has expanded its unsecured revolving credit facility from $425 million to $600 million for a total maximum borrowing capacity of $1.1 billion, including the facility’s accordion feature....
Investors take aim at utilities
Debt & Equity

Investors take aim at utilities

REW
New York City Comptroller leads coalition of institutional investors demanding the 20 largest publicly traded electricity generators in the U.S. commit to achieving net-zero carbon emissions.
Ivy bags $41M from hungry lenders
Debt & Equity

Ivy bags $41M from hungry lenders

REW
Cushman & Wakefield arranged $41 million in acquisition financing for Ivy Realty in their purchase of a 768,244 s/f industrial portfolio in Warren and Somerset, New Jersey.
Knighthead starts lending in California markets
Debt & Equity

Knighthead starts lending in California markets

REW
KH Funding CA, LLC, an affiliate of Connecticut-based Knighthead Funding, LLC, a newly licensed lender in California, has originated its first three loans in the state totaling $13.85 million.
RICS steps up industry regulation of money laundering
Debt & Equity

RICS steps up industry regulation of money laundering

REW
RICS has published a global professional statement, titled “Countering bribery and corruption, money laundering and terrorist financing,” to help further tackle known problems within the property industry.