Category : Debt & Equity

Debt & Equity

Jack Resnick & Sons lands $125M loan for Symphony House tower

REW
by REW1856
Jack Resnick and Sons has secured a $125 million mortgage for the commercial condo units at Symphony House in Midtown, according to city records. The 44-story property is a luxury apartment building located at 235 West 56th Street, near Central Park and Carnegie Hall. It was built in 1986 and...
Magna Hospitality lands $33.6M loan for Hampton Inn near JFK Airport
Debt & Equity

Magna Hospitality lands $33.6M loan for Hampton Inn near JFK Airport

REW
by REW1955
Magna Hospitality has secured a $33.6 million loan for a Hampton Inn near JFK Airport, according to city records. The new mortgage replaces a $21 million loan from JP Morgan Chase. Western Alliance Bank is the lender in the transaction. The property, located at 144-10 135th Avenue, is a 13-story, 216-key...
The state of the debt market for commercial real estate
Debt & EquityViews

The state of the debt market for commercial real estate

REW
by REW1507
By Steven A. Kohn, Vice Chairman, President – Equity, Debt & Structured Finance, Cushman & Wakefield How has 2017 been for real estate financing? 2017 continues to be a great year to be a borrower. Financing is readily available at virtually all leverage levels at attractive pricing. Low interest rates and...
Debt & Equity

Cape Advisors lands $215M construction loan for 537 Greenwich condo

REW
by REW475
Cape Advisors and its equity partner Strategic Real Estate have secured a $215 million construction loan from Bank of the Ozarks to build their luxury Hudson Square condo  at 537 Greenwich Street. The developers  previously took a bridge loan with Bank of the Ozarks for the acquisition of the lots...
Greystar secures $1.9B in financing for Monogram Residential acquisition
Debt & Equity

Greystar secures $1.9B in financing for Monogram Residential acquisition

REW
by REW4703
Walker & Dunlop has closed the largest financing in company history, a $1.9 billion portfolio of Freddie Mac loans to Greystar Growth and Income Fund, LP in connection with its acquisition of Monogram Residential Trust. Willy Walker, Walker & Dunlop Chairman and CEO, commented, “It is a true honor to...
CBSK Ironstate, Planet Partners land $84M loan for LIC condo project
Debt & Equity

CBSK Ironstate, Planet Partners land $84M loan for LIC condo project

REW
by REW1797
CBSK Ironstate and its development partner, Argentina-based Planet Partners, has secured $83.9 million to build a luxury condo in Long Island City. Los Angeles-based Canyon Partners Real Estate  provided $21.1 million of preferred equity to fund the construction. CBSK Ironstate also secured a $61.8 million senior construction loan, which was...
Got Bitcoin? Cryptocurrency goes mainstream with real estate buyers
Debt & EquityFeatured

Got Bitcoin? Cryptocurrency goes mainstream with real estate buyers

REW
by REW1519
The cryptocurrency Bitcoin, which has been associated with online drug marketplaces and ransomware attacks, is slowly gaining backing from the real estate industry. Bitcoin is a digital currency that people use to buy good and services. It is somewhat similar to Paypal. The only difference is it’s decentralized, meaning that...
Emerald Equity Group refinances Bronx portfolio with record $129M Freddie Mac loan
Debt & Equity

Emerald Equity Group refinances Bronx portfolio with record $129M Freddie Mac loan

REW
by REW1877
Emerald Equity Group has refinanced an 850-unit Bronx portfolio with $129 million in Freddie Mac loans. Sabal Capital Partners, a financial services firm, announced the closing of the Freddie Mac Small Balance Loans this morning (Wednesday). The deal for Emerald Equity Group  is the largest single Small Balance Loan (SBL)...
Alternative lenders fill the void as banks wrestle with tight regulations
Deals & DealmakersDebt & Equity

Alternative lenders fill the void as banks wrestle with tight regulations

REW
by REW1715
With stringent regulations stifling the flow of money from large banks into the real estate market, development companies and the financial firms that support them have had to get creative in recent years. Last week, AmTrust Title Insurance Company hosted a real estate summit that brought prominent developers, financiers and...
Debt & Equity

Innovo, Square Mile score $54M loan for Bronx movie theater

REW
by REW1784
Innovo Property Group and Square Mile Capital have secured a $54 million loan for its acquisition of the shuttered Whitestone Multiplex Cinemas in the Bronx. The new loan was financed by Granite Point Mortgage Trust, according to city records. It replaces a $25 million Signature Bank loan from 2015. The...