Debt & Equity Archives - Page 81 of 148

Rabsky secures bridge loan for Myrtle Avenue mixed-use development

REW December 12, 2017 December 12, 2017

by REWDecember 12, 2017December 12, 20171148

Madison Realty Capital (MRC) announced the closing of a $15 million bridge loan for 948 Myrtle Avenue, a mixed-use development site located along Vernon Avenue, Throop Avenue, and Myrtle Avenue in Brooklyn. The project has received approved new building plans for the as-of-right development of a 154,699 s/f three-building mixed-use...

Debt & Equity

Lenders treading slack water as real estate sector waits for reset

REW December 6, 2017 December 6, 2017

by REWDecember 6, 2017December 6, 20171049

Lenders hold their capital on the sidelines as everyone looks for the bottom of the cycle

Debt & Equity

Lightstone closes on $262M for first of five Moxy hotels

REW December 6, 2017 December 6, 2017

by REWDecember 6, 2017December 6, 20171675

Lighstone closes on $262M financing for first of five Moxy hotels

Construction & Design Debt & Equity

Related to form new infrastructure investment group

REW December 6, 2017 December 6, 2017

by REWDecember 6, 2017December 6, 20171103

Former U.S. Transportation Secretary Anthony Foxx and transportation investment expert Andrew Right to lead Related Infrastructure

Debt & Equity

W&D locks in $94M loan to preserve Hells Kitchen homes

REW December 1, 2017 December 1, 2017

by REWDecember 1, 2017December 1, 20171226

The U.S. Department of Housing and Urban Development provided the loan to keep the Polyclinic Apartments in Hell's Kitchen affordable.

Construction & Design Debt & Equity

Meridian secures $15.4M in financing for East Village condos

REW December 1, 2017 December 1, 2017

by REWDecember 1, 2017December 1, 20173842

Meridian Capital Group negotiated $15.4 million in acquisition and construction financing for a mixed-use condominium development in the East Village on behalf of Barrett Design. The 18-month loan, provided by a balance sheet lender, features a floating rate of 6.50 percent and full-term interest-only payments with two six-month extension options....

Deals & Dealmakers Debt & Equity

Transactions: Meridian negotiates $6M mortgage on UWS, Eastern Union lands $33M lien

REW November 30, 2017 November 30, 2017

by REWNovember 30, 2017November 30, 20171235

Transactions from the November 29, 2017 Issue.

Construction & Design Debt & Equity

Cornell secures $64M construction loan for Williamsburg development

REW November 22, 2017 November 22, 2017

by REWNovember 22, 2017November 22, 20171129

Cornell Realty has secured a $64 million construction loan for its mixed-use development at 200 Kent Avenue in Williamsburg. Madison Realty Capital (MRC) financed the loan for the 117,326 s/f development that it says “will be anchored by a popular national grocery chain.ˮ MRC funded a portion of the facility...

Construction & Design Debt & Equity

BLDG Management taps Israeli financing source for $30M construction loan

REW November 22, 2017 November 22, 2017

by REWNovember 22, 2017November 22, 20171423

Israeli-giant Bank Hapoalim USA has funded a $30 million construction loan to BLDG Management for the development of a luxury East Village rental building. Richard Bassuk, chief executive officer, and Drew Fletcher, president, of Greystone Bassuk, announced the closing of a loan with Bank Hapoalim USA on behalf of an...

Debt & Equity

Edison Properties lands $110M loan for Manhattan portfolio

REW November 15, 2017 November 15, 2017

by REWNovember 15, 2017November 15, 20172367

New Jersey firm Edison Properties has secured a $110 million loan for a three-building Manhattan portfolio, according to documents filed with the city today. The new mortgage, which was provided by Prudential Asset Resources, includes 541 West 29th Street in Hudson Yards and 2341 12th Avenue and 2351 12th Avenue...