MLK Real Estate Capital arranges bridge loan for Connecticut apartment complex
The bridge loan is for the acquisition and renovation of a 208-unit, four-building complex located in Bristol, Connecticut.
Category : Debt & Equity
Lenders approach 2018 with negative outlook on profits
Mortgage lenders again reported a negative profit margin outlook for the next three months, citing competition as the primary reason.
Gettry Marcus announces merger with JM CPA
The firms will continue to provide services to their existing clients and will be based out of the Gettry Marcus' New York City office at 1407 Broadway.
Investor lands $55M loan for purchase of Westcott in Stamford
Eastern Union Funding arranged financing of $55.2 million for a private New Jersey-based investment group in support of their acquisition of The Wescott, a 261-unit Class-A apartment community located in Stamford, Connecticut. David Singer, senior vice president at Eastern Union Funding, arranged the seven-year loan through Greystone at an interest...
Federal tax bill boosts New York real estate, hurts home ownership
The Tax Cuts and Jobs Act is supposed to make filing tax returns easier but it seems poised to have the opposite effect on businesses.
TRANSACTIONS: Roundup of the week in middle market loans
Meridian Capital announced the following transactions; A new mortgage in the amount of $6,000,000 on a 16-unit multifamily property located on West Fourth Street in New York, NY. The loan features an initial rate of 3.50% and a five-year term. Chaim Tessler negotiated this transaction. A new mortgage of $5,200,000 was placed...
CW Realty closes $13M financing deal for Williamsburg condo
Greystone announced it has provided $13,355,000 in Freddie Mac financing for a 24-unit apartment building in Williamsburg, Brooklyn. The loan was originated by Anthony Cristi of Greystone’s New York office. The refinanced property, located at 310 Graham Avenue, was constructed in 2016. The new conventional Freddie Mac loan on the...
Walker & Dunlop structures $42M financing for Stonebridge home portfolio
Walker & Dunlop, Inc. announced that it structured financing for a portfolio of five affordable Freddie Mac loans totaling $42,390,000 on behalf of Stonebridge Global Partners, an affordable housing owner and operator. The portfolio includes 680 units in five multifamily properties in New York and Michigan. Two of the properties,...
Greystone secures $50M from regional banks to fund senior homes construction
Greystone announced it has arranged $50,026,005 in total financing for the construction of two Class A senior living communities in Arizona and North Carolina. Greystone worked with regional banks who provided the debt for Fort Worth-based Aspens Senior Living. A $25,767,899 loan for the construction of The Aspens at Mariposa...
Greystone secures $13M financing for CW Realty’s Williamsburg rental building
CW Realty closes deal for 310 Graham Avenue rental building