Category : Debt & Equity

Muss Development received a $100 million loan for the 667-room New York Marriott at the Brooklyn Bridge in downtown Brooklyn. Korean real estate fund manager KTB Asset Management provided the financing for the five-year floating rate loan. “We are delighted to have worked with KTB in completing this historic transaction...

Meridian Capital Group arranged $45 million in acquisition and redevelopment financing for the conversion of a dormitory to a multifamily property in the financial district, on behalf of the DSA Property Group. The two-year loan, provided by Ladder Capital, features a LIBOR-based floating rate, interest-only payments and a six-month extension...

Equicap has arranged arranged $18 million on construction financing for a foreign developer. Daniel Hilpert, managing director at Equicap, announce that the loan, arranged through a bank, will finance the development of a condo development on the Upper East Side. “Many banks hit the brakes and are out of the...

Meridian Capital Group negotiated $20 million in bridge financing for the pre-development of an 80,000 s/f mixed-use project in Lenox Hill on behalf of Reading International. The three-year loan, provided by a balance sheet lender, features a fixed rate of 3.25 percent. The transaction was negotiated by Tal Bar-Or and...

Bellwether Enterprise Real Estate Capital has closed a $68,950,000 loan for the acquisition of One MetLife Way, the new global headquarters for MetLife Investments. The financing was arranged through Morgan Stanley. One MetLife Way is an 185,000 s/f Class-A office building, designed to LEED Gold Core and Shell as well...

Greystone provided a $36,015,000 Fannie Mae Delegated Underwriting and Servicing (DUS) loan to refinance Colonial Townhouse Apartments in Windham, CT. The loan, closed in 14 days, was originated by Donny Rosenberg of Greystone on behalf of Colonial BT LLC, with Shaya Ackerman of Meridian Capital in New York as correspondent...

Vesper Holdings, the New York-based investment firm founded by Elliot Tamir and Isaac Sitt, has secured a $192.5 million funding package for its jumbo student housing purchase earlier this month. Vesper, in partnership with Prospect Capital, acquired an eight-property multi-state portfolio from Heitman for $72 million. The deal ranks among...