Category : Debt & Equity

Black Spruce Management has secured a $75 million loan for a 13-building Chelsea multifamily portfolio, according to property records. The firm went into contract to buy a package of 14 buildings from Tempo Management last year. The loan was provided by Cantor Commercial Real Estate Funding. The addresses covered in...

Greystone has provided $22,134,000 in Freddie Mac financing on a 12-property portfolio in Brooklyn, NY. The loans were originated by Anthony Cristi of Greystone’s New York office. The refinanced properties, which all contain between five and 12 units, all received five-year fixed rate Freddie Mac Small Balance Loans which include...

Vornado Realty Trust has secured a $500 million mortgage for 330 Madison Avenue in Midtown. The seven-year loan matures in August 2024 and has a fixed rate of 3.475 percent. It replaces a $150 million mortgage from German bank Landesbank Baden Wurttemberg. Vornado did not disclose the lenders on the...

Walker & Dunlop, Inc. structured a $23,530,000 Fannie Mae loan for Clearwater Village, a Class A manufactured housing community in Spotswood, New Jersey that caters to residents aged 55 and over. Managing Director, Will Baker, led the origination team in arranging the 10-year, interest-only acquisition loan with a minimum 1.25x...

GCP Capital Group arranged mortgage financing in the aggregate amount of $49,720,000 for the following properties: • $15,600,000 for a five-story mixed-use building containing 19 apartments and approximately 2,850 square feet of retail space, located on Lexington Avenue in Manhattan. Alan Perlmutter, Managing Member of GCP Capital Group, arranged the financing...

Savanna has secured an $83.45 million loan for its acquisition of 31 west 27th Street in Chelsea. According to documents filed with the Department of Finance, Aareal Capital Corporation, a subsidiary of German firm Aareal Bank Group, was the lender. TD Bank, which provided a $69 million loan to the...