Category : Debt & Equity

Eastern Union arranges $68M for Washington D.C. apartment complex
Debt & Equity

Eastern Union arranges $68M for Washington D.C. apartment complex

REW
by REW1505
Eastern Union Funding has arranged a $68 million loan to refinance a large apartment community in the Washington D.C. metro region. The deal is unique as it taps into Fannie Mae’s Green Financing program to fund energy- and water-saving improvements at the property. “This refinancing not only enables the owner...
Debt & Equity

Orda secures $430M loan for 225-233 Park Avenue South

REW
by REW2169
Barclays has provided $430 million in financing for Orda Management at 225-233 Park Avenue South. NKF Capital Markets, serving as the exclusive advisor to Orda Management Corporation closed the debt financing deal. Jordan Roeschlaub led the NKF Capital Markets team, which also included Steven Sperandio and Daniel Fromm, that brokered...
Debt & Equity

Transactions: Meridian’s $27M for Bronx multifamily, GCP’s $26.1M in loans

REW
by REW1204
Meridian announced the following transactions: Meridian negotiated a new mortgage in the amount of $27,000,000 on a six-story, 84-unit multifamily property located on Andrews Avenue South in the Bronx, NY. The loan features an initial rate of 3.375 percent and a three-year term. Morris Diamant and Mark Brachfeld negotiated this...
Debt & Equity

SL Development secures $53.5M loan for 722 Metropolitan Avenue purchase

REW
by REW1675
SL Development has secured a $53.5 million first mortgage loan for its acquisition of 722 Metropolitan Avenue in Williamsburg, Brooklyn. The property, a 90,000 s/f development site, previously contained an umbrella factory that started operations in 1933. SL Development plans to build a 69-unit luxury condominium building with 20,000 s/f...
Bellwether arranges $41.5 in equity financing
Debt & Equity

Bellwether arranges $41.5 in equity financing

REW
by REW1026
Bellwether Enterprise Real Estate Capital LLC, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment, arranged $41.5 million in joint venture equity financing on behalf of John M. Corcoran and Co. for the $199 million acquisition of Windsor Garden apartments in Norwood, Massachusetts. The deal is the first...
Report: US lending conditions remain favorable
Debt & Equity

Report: US lending conditions remain favorable

REW
by REW1193
High investor confidence, attractive equity markets and positive economic indicators have contributed to favorable commercial real estate lending market conditions in Q1 2017, according to the latest research from CBRE. While the fairly dramatic increase in long-term interest rates that occurred in late Q4 2016 continued into early Q1 2017,...
Report: Trump tax plan disproportionately benefits New Yorkers making over $500,000
Debt & EquityFeatured

Report: Trump tax plan disproportionately benefits New Yorkers making over $500,000

REW
by REW1542
Describing the Trump administration’s tax reform plan as “written by millionaires, for millionaires,” New York City Comptroller Scott Stringer released a stinging report that paints the proposal as a handout for New York City’s elite. According to the study, which took into account 365,000 income tax records for filers in...
Boston Properties secures $2.3B GM Building loan
Deals & DealmakersDebt & Equity

Boston Properties secures $2.3B GM Building loan

REW
by REW1757
Boston Properties has secured a $2.3 billion loan for the GM Building at 767 Fifth Avenue. Boston Properties CFO Michael LaBelle announced the transaction during an earnings call last week. The ten-year loan will have a fixed interest rate of 3.4 percent. Boston Properties expects to close on the loan...
Debt & Equity

Transactions: Eastern Union’s $36.9M loan for Bronx portfolio, Meridian’s $2.6M for Cedarhurst co-op

REW
by REW1114
Eastern Union Funding arranged the following transactions: A $36.9 million first lien mortgage for the acquisition of an 11-building multifamily portfolio in Bronx, NY. This transaction was arranged by Jonathan Singer and David Metzger. A $10,500,000 first lien mortgage for the acquisition of a 197-unit multifamily in Pennsville, NJ. This...