Category : Debt & Equity

Debt & Equity

Apollo provides $105M first mortgage loan for Sam Chang’s Times Square hotel

REW
Apollo Commercial Real Estate Finance (ARI) has closed on a $325 million package of loans that includes $215 million for Sam Changʼs newest Times Square hotel. ARI closed a $105 million first mortgage loan ($78.1 million of which was funded at closing) secured by the newly- constructed, 612-key Doubletree by...
Pembrook provides $20.5M financing for Orlando apartment complex
Debt & Equity

Pembrook provides $20.5M financing for Orlando apartment complex

REW
Pembrook Capital Management closed $20.5 million of financing for the acquisition of Silver Oaks Apartments, a 320-unit rental apartment complex for low and moderate income families located in Orlando, FL and for the renovation of 115 units at the property over the next two years. The financing consists of a...
Investors Bank increases portfolio with $309M in loans
Debt & Equity

Investors Bank increases portfolio with $309M in loans

REW
Investors Bank recently increased its multifamily housing and CRE loan portfolio by originating 14 large loan transactions valued at $309 million. The properties, which are being financed, are located in Eastern Pennsylvania, Northern and Southern New Jersey, Delaware as well as New York City. These commercial mortgage loans range in...
Berkadia scores $31.5M loan for 130 Lenox Avenue in Harlem
Debt & Equity

Berkadia scores $31.5M loan for 130 Lenox Avenue in Harlem

REW
Berkadia announced the financing of The Retail Condominium at The Renaissance, a retail and garage property at 130 Lenox Avenue in Harlem. Senior Managing Director Stewart Campbell, of the New York office, secured the $31.5 million loan for the borrower through conduit lender Jefferies LoanCore, LLC (JLC). The 10-year refinancing...
Debt & Equity

Moinian secures $100M financing for 60 Madison

REW
Meridian Capital Group arranged $100 million in CMBS financing to refinance an office property located in the NoMad neighborhood of Manhattan on behalf of The Moinian Group. The 10-year CMBS loan, provided by Deutsche Bank, features a competitive fixed-rate with full-term interest-only payments. The transaction was negotiated by Meridian Senior...
Debt & Equity

SL Green closes $1.5B loan for One Vanderbilt

REW
SL Green Realty Corp. has closed on $1.5 billion of construction financing for One Vanderbilt, ensuring that the 1,401-foot-tall, state-of-the-art office tower, will soon rise adjacent to Grand Central Terminal in Midtown. One Vanderbilt will include direct connections to Grand Central’s network of mass transit, improved by $220 million in...
Debt & EquityPhoto Gallery

IN PICTURES: Capital One CRE Symposium

REW
Capital One’s Commercial Real Estate Group hosted close to 200 people on Thursday, September 22, for the Bank’s first ever CRE Symposium. Guests were a mix of commercial real estate executives from the Bank and their clients. Held at New York’s Metropolitan Club, the event featured former Treasury Secretary Robert...
Meridian Capital provides $34M acquisition loan for 756 Myrtle Ave. in Bedstuy
Debt & Equity

Meridian Capital provides $34M acquisition loan for 756 Myrtle Ave. in Bedstuy

REW
Meridian Capital Group arranged $34 million in acquisition financing for the purchase of a multifamily property with retail and parking, located at the intersection of the Bedford Stuyvesant, Clinton Hill and Williamsburg neighborhoods in Brooklyn, NY. The five-year loan, provided by a regional balance sheet lender, features a fixed-rate of...
Debt & Equity

Transactions: Meridian’s $3.5M loan for Bronx property, GCP’s $55.8M in mortgage financing

REW
Meridian Capital announced the following transactions: A new mortgage in the amount of $3,475,000 on a six-story, 22-unit multifamily property located on East 149th Street in the Bronx, NY. The loan features a rate of 2.875% and a three-year term. Allan Lieberman and Asher Haft negotiated this transaction. A new...
Heritage Equity Partners scores $63M loan for Crown Heights site
Debt & Equity

Heritage Equity Partners scores $63M loan for Crown Heights site

REW
Heritage Equity Partners has scored a $63 million loan for its planned 193-unit residential project at 564 St. Johns Place in Crown Heights, Brooklyn. The deal was announced by lender Madison Realty Capital. This is the second loan that both sides have closed on the property. Madison provided a $23.5...