Category : Debt & Equity

Debt & Equity

Houlihan-Parnes refinances Fordham’s Westchester campus

REW February 7, 2018 February 7, 2018

by REWFebruary 7, 2018February 7, 20182084

The property was net leased to Fordham University after it relocated its Westchester campus in 2008. Last year, Fordham extended its lease and committed to staying in Westchester County until 2038.

Caspi Development lands $12.5M Bowery loan

Debt & Equity

Caspi Development lands $12.5M Bowery loan

REW January 30, 2018 January 30, 2018

by REWJanuary 30, 2018January 30, 20181244

Loan proceeds were used refinance a construction loan on the property. Earlier in 2017, HFF arranged a $15 million financing for the adjacent 161 Bowery on behalf of Caspi Development through BBVA.

Madison Realty’s $53M finance package rescues 208 Delancey Street development

Construction & Design Debt & Equity

Madison Realty’s $53M finance package rescues 208 Delancey Street development

REW January 10, 2018 January 10, 2018

by REWJanuary 10, 2018January 10, 20181315

After providing $15 million in initial funding, MRC has committed an extra $38.5 million, bringing its share of contributions to 70 percent of cost.

Square Mile acquires $31.8M Moxy Hotel loan

Debt & Equity Hotels

Square Mile acquires $31.8M Moxy Hotel loan

REW January 10, 2018 January 10, 2018

by REWJanuary 10, 2018January 10, 20181983

The mezzanine loan finances the development of the future 37-story,349-key Moxy Hotel at 105-109 West 28th Street in Chelsea.

HFF secures $91M funding package for Westchester development

Debt & Equity Residential

HFF secures $91M funding package for Westchester development

REW January 10, 2018 January 10, 2018

by REWJanuary 10, 2018January 10, 20181604

Holliday Fenoglio Fowler announced $91.6 million in joint venture equity and first mortgage financing for the development of 42 Broad Street West.

Sam Chang lands $121M loan for 45-story Chelsea hotel

Debt & Equity Hotels

Sam Chang lands $121M loan for 45-story Chelsea hotel

REW January 10, 2018 January 10, 2018

by REWJanuary 10, 2018January 10, 20182317

Eastern Consolidated’s Capital Advisory Division arranged the finance package for the construction of a 45-story, 526-key hotel on 28th Street.

TRANSACTIONS: Eastern Union Funding arranges $50M medical mortgage; GCP secures $40M for Brownsville building

Debt & Equity

TRANSACTIONS: Eastern Union Funding arranges $50M medical mortgage; GCP secures $40M for Brownsville building

REW January 10, 2018 January 10, 2018

by REWJanuary 10, 2018January 10, 20181623

Meridian Capital announced the following transactions: A new mortgage in the amount of $7,500,000 on a 96-unit multifamily property located on Ocean Avenue in Brooklyn, NY. The loan features an initial rate of 3.375 percent and a five-year term. Charles Grussgott and Michael Helmreich negotiated this transaction. A new mortgage...

Co-working company Servcorp gets $30M cash injection

Debt & Equity Office Market

Co-working company Servcorp gets $30M cash injection

REW January 3, 2018 January 3, 2018

by REWJanuary 3, 2018January 3, 20181791

Servcorp has been profitable since its inception 40 years ago, offering private offices, virtual offices and more recently co-working.

Investment in technology paying dividends for mortgage brokerage

Debt & Equity Technology

Investment in technology paying dividends for mortgage brokerage

REW January 3, 2018 January 3, 2018

by REWJanuary 3, 2018January 3, 20181366

Expanding investment in technology helps mortgage brokers, bankers and clients streamline the lending process and gain access to up to the minute data.

Fed fails to dampen debt demand with increased interest rates

Debt & Equity

Fed fails to dampen debt demand with increased interest rates

REW January 3, 2018 January 3, 2018

by REWJanuary 3, 2018January 3, 20181592

Rising Federal Funds Target Rates have deceived real estate investors; the lending market in New York City is not rapidly getting more expensive.