Category : Debt & Equity

Connecticut lender doubles down on Colorado
Debt & Equity

Connecticut lender doubles down on Colorado

REW
by REW1289
Private real estate lender Knighthead Funding has provided Denver, CO-based real estate investment and development firm Alpine Investments with a $20 million construction loan for Edge LoHi, the first new condominium development in Denver’s Lower Highland’s (LoHi) submarket in nearly a decade. “It is no secret that Denver boasts one...
Debt & Equity

Stringer says city should bank tax glut

REW
by REW1608
A one-time infusion of income tax revenues in FY 2018 helped the City balance the $89.16 billion Adopted Budget for Fiscal Year 2019, according to a report released by New York City Comptroller Scott M. Stringer. The Comptroller’s report reiterates a need for long-term attention to the City’s out-year gaps...
Debt & Equity

Lexerd finds a hole-in-one opportunity in Augusta

REW
by REW1508
Lexerd Capital Management LLC, a New Jersey-based sponsor of private equity funds, announced that one of its funds has acquired Center West Villas, a multifamily property in Augusta, GA. The property, renamed “Pinewood at National Hills” consists of 20 two-story buildings, totaling 160 individual units. Terms of the transaction were...
Trophy pricing sends private equity in search of alternatives
Debt & Equity

Trophy pricing sends private equity in search of alternatives

REW
by REW1343
After a year of strong private equity real estate deal making in 2017 – in which both Q2 and Q4 set new records for aggregate deal value – the first half of 2018 has seen two consecutive quarters of decline in both the number of deals announced and their aggregate...
Square Mile secures $115M for Hampshire Properties’ multifamily Brooklyn development
Debt & Equity

Square Mile secures $115M for Hampshire Properties’ multifamily Brooklyn development

REW
by REW1357
Square Mile Capital Management  has originated a $115 million loan secured by 1277 East 14th Street, an eight-story, 265,000 s/f multifamily property located in the Midwood neighborhood of Brooklyn. The loan was made to Hampshire Properties, which is nearing completion of the 302-unit multifamily building featuring one-, two-, and three-bedroom units,...
Deals & DealmakersDebt & Equity

TRANSACTIONS: Meridian closes $9.6M mortgage on Third Ave.

REW
by REW1330
Meridian Capital announced the following transactions: • A new mortgage of $9,600,000 on a 165-unit cooperative property located on Third Avenue in New York, NY. The loans feature rates of 3.75% and a 10-year term. Avi Geller and Nicoletta Pagnotta negotiated this transaction. • A new mortgage of $6,000,000 was...
Paramount Group funds $415M financing for 575 Lexington Avenue
Debt & Equity

Paramount Group funds $415M financing for 575 Lexington Avenue

REW
by REW2037
Cushman & Wakefield served as the advisor to affiliates of Angelo Gordon & Co, Normandy Real Estate Partners and George Comfort & Sons in arranging $415 million of floating-rate financing secured by 575 Lexington Avenue. The financing was provided by Paramount Group, Inc.’s Paramount Fund VIII. 575 Lexington Avenue is...