Category : Debt & Equity

Debt & Equity

HFF brokers retail center refinance

REW
by REW988
Holliday Fenoglio Fowler, L.P. (HFF) announced the $19 million refinancing of The Middle Brook Center, a fully leased, 104,331 s/f grocery-anchored retail center in the Northern New Jersey community of Bound Brook. The HFF team worked on behalf of the borrower, Advance Realty, to place the 11-year, full-term, interest-only loan...
Debt & Equity

Princeton International refinances 232 Madison

REW
by REW894
Meridian Capital Group arranged $49 million in financing to refinance an office building in midtown south on behalf of owner Princeton International Properties. The five-year loan, provided by a savings bank, features two years of interest-only payments.  The transaction was negotiated by Meridian Executive Vice President, Jeff Weinberg, and Senior...
Pembrook refinances affordable homes in Midtown West
Debt & Equity

Pembrook refinances affordable homes in Midtown West

REW
by REW1273
Pembrook Capital Management closed an $11,375,000 first mortgage loan to refinance three multifamily properties in Clinton neighborhood of Manhattan. 439-443 West 48th Street together comprise 25,515 s/f across 34 apartment units. The majority of the units are to be occupied by families with an adjusted gross income of no more...
HFZ funds fintech venture upturning security deposits
Debt & EquityTechnology

HFZ funds fintech venture upturning security deposits

REW
by REW901
Obligo Inc., a financial technology company serving the real estate market, has completed a $5 million financing round. Obligo has developed a new financial standard to replace the security deposit . Under this new standard, tenants would provide landlords with a limited billing authorization instead of a cash deposit, allowing...
Mack funds Marx hotel recap in Hudson Yards
Deals & DealmakersDebt & EquityHotels

Mack funds Marx hotel recap in Hudson Yards

REW
by REW2834
Meridian Capital Group arranged $88 million in financing for a Marriot hotel site in Hudson Yards on behalf of Marx Development Group (MDG). The 24-month loan, provided by Mack Real Estate Credit Strategies, was negotiated by managing director Shaya Ackerman and senior vice president Shaya Sonnenschein. The loan will cover...
Cronheim secures loan for airport hotel
Debt & EquityHotels

Cronheim secures loan for airport hotel

REW
by REW2553
Cronheim Hotel Capital (CHC) has secured financing for the acquisition and repositioning of the Westin at BWI Airport. The non-recourse bridge loan funded 72 percent of the total acquisition costs for a three-year term with two 1-year extension options. CHC worked on behalf of Frontier Development, a Washington DC-based hotel...
RedSky lands $104M refinancing for Williamsburg property
Debt & EquityRetail

RedSky lands $104M refinancing for Williamsburg property

REW
by REW2645
JLL’s Capital Markets experts have arranged a $104 million loan to refinance Redbridge, a mixed-use residential and retail property in Williamsburg, Brooklyn. The group worked on behalf of RedSky Capital LLC, JZ Capital Partners Ltd. and Waterbridge Capital LLC to place the loan with JP Morgan Chase & Co. Managing...
Debt funds emerge as hotel financing source
Debt & EquityHotels

Debt funds emerge as hotel financing source

REW
by REW3214
Debt funds are emerging as a major source of financing for hotels in the U.S. The sector is taking prominence as other lenders with significant existing exposure to hospitality, such as banks, become more risk averse late into the cycle. Debt fund investment into global hotels hit US$49 billion in...