TRANSACTIONS: Progress Capital secures $8.7M luxury townhouse refinance
Roundup of the week in middle market loans
Category : Debt & Equity
Steiner lands $228M Admirals Row loan
Located at the intersection of Flushing Avenue and Navy Street, Admirals Row will be a mixed-used development with the first Wegmans Supermarket in the city
BCB refinances uptown apartment portfolio
BCB Property Management Inc. (BCB) has refinanced a six-building multifamily portfolio in Morningside Heights with a $78 million deal.
Nyack College to consolidate
Procida Funding provided a $38.5 million debt consolidation and working capital loan to Nyack College in Rockland County, NY, on behalf of The 100 Mile Fund
MRC pumps $67M into New Jersey multifamily development
Madison Realty Capital closed a $67.5 million loan collateralized by a 205-unit multifamily project and an adjacent site approved for 435 multifamily units.
Square Mile antes up $149M loan for luxury Chicago apartment building
Square Mile Capital Management announced that it has originated a $149 million loan secured by The Gallery on Wells, a 40-story apartment in Chicago.
Navy Yard closes on $42M loan for historic building restoration
The Brooklyn Navy Yard Development Corporation (BNYDC) announced the $42 million closing on financing for the redevelopment of Building 127.
Newmark team secures $54M loan for 60 Guilders venture
On behalf of a partnership led by 60 Guilders, Newmark Knight Frank has secured a $54 million floating-rate loan to refinance of 119-121 Spring Street.
Transactions: Meridian places $4.7M loan, HFF arranges $10M mortgage
A new mortgage of $4,725,000 was placed on a multifamily property totaling 20 units located on East 74th Street in New York, NY
Developer launches lending arm to deploy $750M in loans
Slate Property Group has launched SCALE Lending to provide up to $750 million in transitional and bridge loans to real estate operators and sponsors.