Category : Debt & Equity

Debt & Equity

NorthMarq arranges $16M loan for Long Island medical offices

REW
by REW1135
NorthMarq Capital announced that the company arranged a $16 million refinance of Huntington Medical Center in Huntington Station, New York. Robert Delitsky, senior vice president/managing director of NorthMarq Capital’s New York City office, and Charles Cotsalas, senior vice president in Long Island, collaborated to arrange the refinance of the 66,316...
M&T Bank provides $44M loan for office redevelopment
Debt & Equity

M&T Bank provides $44M loan for office redevelopment

REW
by REW1455
M&T Bank has closed on a $44 million commercial real estate loan for affiliates of Mountain Development and Square Mile Capital Management to complete building renovations and tenant improvements to a 434,000 s/f office building at 56 Livingston Avenue in Roseland. The Class A, multi-tenant building will provide leased space...
Debt & Equity

Jonathan Rose, Bedrock lands $144M loan for Brooklyn rental

REW
by REW1739
A joint venture of Jonathan Rose Companies (JRCo) and BedRock Real Estate Partners LLC (BR) has closed on $144 million of debt and equity financing for The Pierrepont, a new 86-unit 80/20 mixed-income rental residential building which is currently under construction. The two 19-story towers face Pierrepont and Montague Streets...
Debt & Equity

Lexin Capital closes $73M loan for 229 West 28th Street

REW
by REW1152
On behalf of Lexin Capital, JLL’s Capital Markets experts announced the firm secured $73 million in refinancing for 229 West 28th Street, a 12-story Class A office building located in Midtown South’s Chelsea neighborhood. Aareal Capital Corporation provided the five-year loan. Managing Directors Aaron Appel and Jonathan Schwartz led JLL’s...
GID, Henley score $2.2B loan for UWS apartments, the biggest in NYC in 2016
Debt & EquityFeatured

GID, Henley score $2.2B loan for UWS apartments, the biggest in NYC in 2016

REW
by REW1458
General Investment and Development Companies and Henley Holding Company, the partners behind a proposed three-building luxury residential project in the Upper West Side, have just closed the largest residential construction financing deal in the city this year. The firms received a $2.2 construction billion loan for Waterline Square, a 1,132-unit...
Walker & Dunlop closes $161M loan for East Coast apartments
Debt & Equity

Walker & Dunlop closes $161M loan for East Coast apartments

REW
by REW790
Walker & Dunlop, Inc. closed two Fannie Mae loans totaling $160,711,000 with Cortland Partners for the acquisition and moderate rehabilitation of two East Coast apartment developments. Both transactions were financed using Fannie Mae’s Structured Adjustable-Rate Mortgage (SARM), a variable interest rate loan that provides long-term financing with attractive floating rates...
Tax concerns for foreign investors in New York real estate
Debt & Equity

Tax concerns for foreign investors in New York real estate

REW
by REW1393
By Sol Zimmerman, RESA, and Aninda Dhar, RESA When an overseas buyer contemplates purchasing U.S. real estate, there are many factors that are often considered. However one thing that is commonly overlooked can have adverse effects. It is important for a foreign investor of U.S. real property to be mindful...
Debt & Equity

Renaissance Properties secures $30M loan for Garment District building

REW
by REW1207
Meridian Capital Group arranged $30 million in financing for the refinance of an office property located in the Garment District of Manhattan, on behalf of Renaissance Properties. The 10-year loan, provided by a national balance sheet lender, features a competitive fixed rate of 3.50 percent. The transaction was negotiated by...
Debt & Equity

Westcore strikes $340M growth capital deal with Almanac Realty

REW
by REW1406
Industrial and office investor, Westcore Properties has struck a $340 million deal with a fund managed by Almanac Realty Investors. As part of the agreement, the fund has committed to provide up to $337.5 million of growth capital to Westcore. Including an investment of $197.7 million made in 2011 by...
Debt & Equity

Skyline Developers secures $59.5M loan for Midtown properties

REW
by REW845
Skyline Developers announced it has secured $59.5 million to refinance several of the company’s New York City properties. The company, led by Orin Wilf, secured $38 million for 13-15 West 54th Street and 20 West 55th Street in Midtown Manhattan. The financing was arranged by HFF through JP Morgan Chase....