MRC antes up $36M for new Upper West Side condo
SK Development and CB Developers are planning to construct a 21-story apartment building
Category : Debt & Equity
71 Fifth owners get ready for next phase of investment
PGIM has provided an $88.5 million loan to Madison Capital and Lubert-Adler Partners to refinance 71 Fifth Avenue.
Apollo signs off on $187M construction finance for 799 Broadway
NKF Capital Markets raised $187 million of construction financing for Normandy Real Estate Partners and Columbia Property Trust's new development
TRANSACTIONS; Cronheim arranges $15M in hotel acquisition loans; Emerald Creek bridges in Park Slope
ROUNDUP OF THE WEEK'S MIDDLE MARKET LOANS
Insurance firms locking in early to hot NJ apartment market
In order to win new client relationships and foster existing ones, our life insurance companies are offering earlier rate locks at the lowest spreads in the market place
New lease accounting standard could feed co-working beast
Concerns abound about what impact the new accounting standard will have on analyst projects, market valuations and credit ratings.
Don Peebles to launch Opportunity Fund, focus on affordable housing
Peebles, an urban renewal specialist , is among the first and most prolific developers to announce his interests in the Opportunity Zone program.
TRANSACTIONS: GCP arranges $45M mortgage for East Village building
GCP Capital Partners arranged $45M for a 6-story mixed-use building containing 81 apartments and 6,000 s/f of commercial space, located in the East Village.
Naftali platform closes on $50M mezz package for Central Park condo
Naftali Credit Partners, a subsidiary of Naftali Group, has closed a $50 million mezzanine loan for the construction of 145 Central Park North.
Greystone directs $17M HUD loan to Michigan apartment project
Lansing is attracting young urban professionals who want to be close to work, entertainment and activities.