Category : Debt & Equity

Meridian Capital announced the following transactions: • A new mortgage in the amount of $1,800,000 on a five-story, 28-unit multifamily property located on East 165th Street in the Bronx, NY. The loan features an initial rate of 2.90% and a five-year term. Michael Farkovits negotiated this transaction. • New mortgages...

Developer Landsea closed on a $102.3 million construction loan for Avora, a 184-unit luxury condominium project on the Weehawken, NJ waterfront facing midtown Manhattan. The 11-story building, which also includes 6,000 s/f of ground-floor retail space, is under construction, with initial occupancy scheduled for first quarter, 2018. The financing was...

Mission Capital Advisors has arranged nearly $100 million in non-recourse acquisition financing for AJ Capital Partners to acquire and renovate two Graduate Hotel properties in Seattle and Minneapolis. The Graduate Hotels brand, launched by AJ Capital Partners in 2014, is a hotel collection in university-anchored cities across the country. AJ...

New York-based investment firm Black Bear Asset Management LLC (BBAM) announced a suite of new investments that signal the start of its ambitious 2017 strategy. BBAM, acting as advisor and principal investor, closed several significant deals in the final months of 2016. In December 2016, BBAM closed a $27 million...

Meridian Capital announced the following transactions: A new mortgage in the amount of $9,500,000 on a 28-unit multifamily property located on 82nd Street in Queens, NY. The loan features a rate of 3.25% and a five-year term. Zev Feder negotiated this transaction. A new mortgage of $4,750,000 on three-story, 12-unit...

Frederick C. Braun, III, chairman of the Brookhaven Local Development Corp. (LDC), announced that the agency has closed on a $45 million bond financing that will allow the not-for-profit Jefferson’s Ferry life-care community in South Setauket to refinance high-interest rate bonds and begin a planned expansion. Jefferson’s Ferry, sponsored by...