Category : Debt & Equity

Normandy, Greenfield Partners land $81M loan for NJ office tower
Debt & Equity

Normandy, Greenfield Partners land $81M loan for NJ office tower

REW
by REW1370
Normandy Real Estate Partners and Greenfield Partners have secured $80.7 million of financing for Center 78 located at 184 Liberty Corner Road in Warren, New Jersey. Cushman & Wakefield served as the exclusive advisor on the 10-year, fixed rate financing, which was was provided by Natixis Real Estate Capital. Cushman...
Debt & Equity

TRANSACTIONS: Meridian Capital, Brick Capital, GCP and more

REW
by REW1367
Meridian Capital announced the following transactions: • A new mortgage in the amount of $7,200,000 on a four-story, 24-unit multifamily property located on Rogers Avenue in Brooklyn, NY. The loan features an initial rate of 3.50% and a five-year term. Morris Diamant and Jacob Rochlitz negotiated this transaction. • A...
Debt & Equity

Brookland Capital scores $12M loan for Prospect Lefferts Gardens resi project

REW
by REW2173
Boaz Gilad’s Brookland Capital has scored a $12 million construction loan for a residential project in Prospect Lefferts Gardens in Brooklyn. Last year, Brookland filed plans to build an eight-story building at 75-77 Clarkson Ave. The proposed tower will be two and a half blocks from Prospect Park between Flatbush...
Stellar Management lands $105M refi for 13-property Manhattan portfolio
Debt & Equity

Stellar Management lands $105M refi for 13-property Manhattan portfolio

REW
by REW1407
Stellar Management has secured a $105 million Capital One loan for a thirteen-property Manhattan portfolio. The package includes commercial spaces and over 600 residential units.  It covers 11-15 W 123rd Street, 1061-1071 St. Nicholas Avenue, 604 West 162nd Street, 601-609 West 175th Street, 3480-3496 Broadway, and 12 East 32nd Street. The five-year loan was brokered by...
Debt & Equity

Developer Chris Xu secures $44M loan for Jamaica, Queens Marriott hotel

REW
by REW2380
Developer Chris Xu has scored a $44 million loan for a planned 338-key Marriott hotel near LaGuardia Airport. The mortgage is a non-recourse acquisition loan with two one-year extension options. Xu, who heads United Construction and Development Group, is looking to build a 15-story, 203,800 s/f building at 148-18 Archer...
Gamma chips in for golden opportunity
Debt & Equity

Gamma chips in for golden opportunity

REW
by REW1359
Gamma Real Estate, based in New York, has closed on a $6.075 million acquisition loan enabling National Realty Investment Advisors (NRIA) to purchase an undeveloped ocean front parcel, suitable as luxury home sites, in Delray Beach, Florida. The interest-only funding is for a term of 18 months. The land, totaling...
Debt & Equity

Milstein Properties lands $120M refinancing of 30 Lincoln Plaza condo units

REW
by REW1871
Milstein Properties has secured a $120 million deal to refinance the residential condo units at 30 Lincoln Plaza in Lincoln Square, according to city records. The loan consolidates eight mortgages into a single lien. This includes a $48 million mortgage that closed on August 9. Apple Bank of Savings is...
RealtyShares buys rival Acquire Real Estate
Debt & Equity

RealtyShares buys rival Acquire Real Estate

REW
by REW1548
RealtyShares, an online marketplace for investing, has purchased rival Acquire Real Estate. Both companies took different paths toward building successful online real estate investing platforms. RealtyShares has excelled at scaling operations and offering diverse investment opportunities. The company boasts more than 120,000 registered investors and has surpassed $500 million deployed...
Deals & DealmakersDebt & Equity

Ten-X partners with lender Money 360

REW
by REW1424
Online marketplace Ten-X has partnered with tech-forward lender Money 360 to swell their investor pool of buyers. Under the agreement, Money360 will work with Ten-X to determine which commercial properties listed on the Ten-X platform are appropriate for pre-arranged financing, and will then pre-underwrite bridge and/or permanent loans for qualifying...
Debt & Equity

HQ Capital raises $152M for multifamily investments

REW
by REW1303
HQ Capital, a leading independent investment manager for alternative investments, has announced the final closing of its U.S. multifamily opportunistic real estate fund, RECAP Opportunity Fund II, L.P., with US$152 million, exceeding its target fundraising amount. RECAP Opportunity Fund II, L.P. continues to pursue the primary strategy of the firm’s...