Category : Debt & Equity

Hirshmark Capital, through an affiliate entity, announced the funding of a $8,750,000 bridge loan secured by a multifamily building in Queens. The property is a 70,000 s/f building with 80 units. The borrower needed capital to refinance an existing bank loan. This is yet another example of our aggressive appetite...

A group of economists and real estate executives debated the U.S. and Global Outlook: Tax Cuts, Trade Wars and Rising Interest Rates during a symposium hosted by Atlantic Environmental Solutions Inc. Participating speakers included economist Julia Coronado, Executive in Residence at Rutgers Business School, Morris A. Davis, Chair of Real...

Madison Capital recently refinanced 1657 Broadway in Times Square District with an $85 million, ten-year, interest only loan from Aareal Capital Corporation. The loan came as the landlord executed two ten-year, corporate leases with the international fast-food franchise, McDonald’s Corporation and global coffee company, Starbucks Corporation. The McDonald’s lease encompasses...

Extell Development Company has closed on $530 million in financing for Brooklyn Point, the firm’s first development in Brooklyn and currently the tallest residential tower under construction in the borough. The 720-foot-tall skyscraper will be the first and only for-sale development at City Point, Brooklyn’s largest food, shopping and entertainment...

The New York office for Avison Young announced that the firm arranged a $31,500,000 refinancing package for The Metro, a 124-unit luxury residential building at 34 S Lexington Avenue, in White Plains. David Krasnoff, Senior Director and Ryan Flannery, Analyst, for Avison Young’s New York Capital Markets Group, arranged the...

By Marc Newman, associate managing partner, Anchin, Block & Anchin LLP Construction company owners are more than familiar with the concept of maintenance. Equipment needs regular upkeep, homes and buildings require contant upkeep. But you know what else needs regular maintenance? Buy-sell agreements, assuming you have one. Most any company...