Category : Debt & Equity

Jeanne Cronin and Zeev Douek of Q10 New York Realty Advisors have arranged a $15,500,000 permanent loan on an 80-room limited service hotel near the Jacob Javits Convention Center. The loan was a cash-out refinance of over $3 million at a fixed interest rate for the term of the loan....

Knighthead Funding, a Greenwich, CT-based real estate finance company, has provided a $27 million first mortgage construction loan to the developer of a seven-story, mixed-use apartment building located in Forest Hills, NY. The building will contain 46 apartments, ground floor retail and underground parking. The developer commenced construction shortly after...

Meridian Capital announced the following transactions: A new mortgage in the amount of $8,100,000 on a five-story, 41-unit multifamily property located on West 139th Street in New York, NY. The loan features a rate of 2.75% and a three-year term. Steven Rubenstein and David Bollag negotiated this transaction. A new...

Meridian Capital announced the following transactions: New mortgages totaling $11,950,000 on two multifamily properties comprised of 100 units located on 64th Street and Ocean Avenue in Brooklyn. The loans feature rates of 2.75% and five-year terms. Joe Taub and Eric Chapek negotiated these transactions. A new mortgage of $16,000,000 was...

Monmouth Real Estate Investment Corp., one of the nation’s oldest REITs, has amended its $130 million unsecured revolving credit facility  to exercise its existing $70 million accordion. The move increases the facility to $200 million and adds an additional $100 million accordion feature, bringing the total potential availability up to...

Eastern Consolidated’s Capital Advisory Division sourced approximately $11 million in limited partner equity as part of the capitalization of the $39.1 million acquisition of Pointe at Lenox Park, a 271-unit multifamily property in the fashionable Buckhead district of Atlanta, GA. Stuart Gross, Executive Managing Director and Principal of Eastern Consolidated,...

Walker & Dunlop originated a $469 million portfolio backed by 13 multifamily properties. The 7-year Freddie Mac floating rate loans include two years of interest-only payments followed by 30-year amortization schedules. Stephen Farnsworth, managing director, led the New Orleans-based team that structured the refinance on behalf of Cortland Partners, a...