Category : Debt & Equity

Cronheim Mortgage has secured $50.5 million in financing for Northampton Crossings, a 622,000 s/f retail center in Easton, Pennsylvania. The loan was structured with a 15-year fixed-rate which was locked 11 months prior to closing. American General Life Insurance, Variable Annuity Life Insurance Company, National Union Fire Insurance Company of...

Chelsea co-op complex Penn South has officially closed on a $190 million loan from Wells Fargo. The loan was announced by New York Senator Chuck Schumer, who pushed local agencies to fast track the funding. The financing, which was approved during the last days of the Obama administration, was insured...

By Rick Jones and Jonathan Castellanos, Dechert LLP Since 2015, we here at Crunched Credit have tracked, followed and discussed the developments (or lack thereof) concerning the Immigration Investor Program, more commonly known as the “EB-5 Visa Program.” Throughout the past year, we’ve witnessed the approval of several extensions of...

Greystone provided a $27,500,000 Freddie Mac loan for permanent financing after completion of construction for Oakmont of San Jose, a seniors housing community in California. The transaction was originated by Scott Kavel, Neal Raburn and Cary Tremper of Greystone. The financing marks Freddie Mac’s first-ever Lease-Up Loan on a seniors...

An affiliate of trade union American Federation of Teachers has secured a $62 million loan for 50 Broadway in the Financial District. The ten-year, fixed rate loan was provided by Citigroup Global Markets. The property, located between Exchange Place and Bowling Green, is a 37-story office and retail tower. The...

G.S. Wilcox & Co. completed $56 million in financing for a six-building industrial portfolio located in New Jersey. The properties were located in South Brunswick, Moonachie, and Teterboro. The financing ,at a fixed rate of 3.25 percent over a 12-year term, was arranged by Gretchen S. Wilcox, President, and Al...

Real estate investor/developer, Lightstone, announced the closing of financing for 40 East End Avenue, a 100,000 s/f condominium planned for Manhattan’s Upper East Side. The development, located on East End Avenue, will be financed by an $85.3 million loan from Bank of the Ozarks. 40 East End will be a...