Category : Debt & Equity

Co-living concept charms another $40M out of eager US investors
Debt & EquityResidential

Co-living concept charms another $40M out of eager US investors

REW
by REW1654
New York-based co-living company kicked off the New Year announcing a $40 million Series C funding round led by Norwest Venture Partners. The deal brings Common’s total funding raised to $63.35 million over the past three years. Jeff Crowe, managing partner at Norwest Venture Partners, has also joined Common’s board...
Debt & Equity

ECB Capital Group arranges $12M Jersey City refinancing

REW
by REW1163
Manhattan based Margules Properties Inc. has refinanced a Jersey City apartment building with a $12.1 million loan. ECB Capital Group arranged the cash out first position loan to refinance 60-64 Sip Avenue, a four-story mixed use property with 64 apartments and six retail stores. Margules purchased the property in 2012...
BSD, Invesco complete $235M 80 Broad recap
Debt & Equity

BSD, Invesco complete $235M 80 Broad recap

REW
by REW1431
In one of the largest financing transactions of 2017, joint venture partners Broad Street Development (BSD) and Invesco announced they have completed a $235 million recapitalization of 80 Broad Street, a 423,000 s/f art deco office tower in the Financial District. Raymond Chalme, CEO of real estate investment firm BSD,...
Debt & Equity

Hudson $92M financing for Parkline apartments in Prospect Lefferts Gardens

REW
by REW1475
Hudson Companies has secured $92 million in financing for the Parkline, a 254-unit “80/20” multifamily rental apartment building in Prospect Lefferts Gardens, Brooklyn from Greystone Bassuk. Drew Fletcher, president, Greystone Bassuk, and Matt Klauer, managing director, led the debt placement for the transaction. “We are truly proud to bring a...