Category : Debt & Equity

Heatherwood secures $88M for Long Island gated apartment communities
Debt & Equity

Heatherwood secures $88M for Long Island gated apartment communities

REW
by REW1274
JLL’s Capital Markets experts announced the company secured a total of $88 million for the refinancing of Pine Hills South and Medford Pond, a pair of gated apartment communities in Long Island. JLL represented the owner, Heatherwood Luxury Rentals. Managing Directors Aaron Appel and Jonathan Schwartz led the JLL team...
Ceruzzi, SMI USA score $200M loan for 520 Fifth Avenue
Debt & Equity

Ceruzzi, SMI USA score $200M loan for 520 Fifth Avenue

REW
by REW2028
Ceruzzi Holdings and SMI USA have secured $200 million in pre-development financing for their planned new tower at 520 Fifth Avenue. Holliday Fenoglio Fowler arranged the floating rate loan for the to-be-built, mixed-use property through Mack Real Estate Credit Strategies. HFF previously brokered the $325 million sale of the property...
Debt & Equity

All Year Management secures $270M loan for Rheingold Brewery site

REW
by REW1848
Madison Realty Capital (MRC) provided a $270 million construction loan for the re-development of the former Rheingold Brewery site in Bushwick, Brooklyn. All Year Management, a repeat borrower with several previous projects financed by MRC, is developing two separate buildings comprising over one million square feet, with 911 residential units,...
Debt & Equity

TRANSACTIONS: Brick Capital funds two loans topping $15M

REW
by REW1240
Meridian Capital announced the following transactions: • A new mortgage in the amount of $6,500,000 on a six-story, 15-unit multifamily property located on Hudson Street in New York, NY. The loan features a rate of 3.625% and a seven-year term. David Hayum and Luke Hingson negotiated this transaction. • A...
Debt & Equity

Hudson Companies closes $52M acquisition of Brooklyn Heights Library site

REW
by REW1582
The Hudson Companies has closed on the $52 million acquisition of the Brooklyn Heights Public Library site and at the same time on a $280 million first mortgage loan toward the construction of the planned 280 Cadman Plaza West project. Starwood Property Trust and Related Fund Management co-originated the loan,...
Debt & Equity

HAP fundraising in Israel for Jersey City apartment tower

REW
by REW1452
HAP Investments has raised $6.8 million for its planned Jersey City project, HAP Tower Journal Square. The money was raised through a private placement in Israel of 544 participation units, each valued at $12,500. These units cannot be traded and are not listed for trading on any stock exchange. The funds...
Debt & Equity

MRC funds acquisition loan for new Soho luxury development site

REW
by REW1409
A new high-end apartment building is planned for Soho. Madison Realty Capital just announced it provided a $23.3 million first mortgage acquisition loan secured by the development site at 182-188 Spring Street in SoHo. The borrower — identified by The Real Deal as Opal Properties — acquired the site through...
Paramount secures $300M loan for 712 Fifth Avenue in Midtown
Deals & DealmakersDebt & Equity

Paramount secures $300M loan for 712 Fifth Avenue in Midtown

REW
by REW2236
Paramount Group has secured $300 million in financing for 712 Fifth Avenue in Midtown Manhattan. The 10-year loan has a fixed rate of 3.39 percent. The company plans to use the funds to repay the building’s existing $246.5 million mortgage, which was scheduled to mature in March of next year....
Debt & Equity

Riverbrook wraps up $12M funding deal to build new Red Roof Inn in Jamaica

REW
by REW1719
Construction has gotten  underway on a new Queens hotel. Riverbrook Equities (RBE)  just closed on a deal to secure $12 million in acquisition and construction financing for the development of 97-26 147th Place in Jamaica, NY. MLK Real Estate Capital (MLK)  advised Riverbrook on the deal for a ” limited service” hotel development that will...
BLDG scores $65M loan for UES luxury residential tower
Debt & Equity

BLDG scores $65M loan for UES luxury residential tower

REW
by REW1309
Meridian Capital Group arranged $65 million in financing for the refinance of The Blake luxury multifamily property located on the Upper East Side of Manhattan, on behalf of BLDG Management. The 10-year loan, provided by a national life insurance company, features a fixed rate of 4.24% and seven years of...