Category : Debt & Equity

Mega-rich get richer, albeit a little slower than usual
Deals & DealmakersDebt & Equity

Mega-rich get richer, albeit a little slower than usual

REW
by REW1007
The number of ultra wealthy people and their combined assets grew slightly in 2015 in spite of weak figures from Europe, the Middle East and Africa. According to data firm Wealth-X’s latest World Ultra Wealth Report, the number of people with $30 million or more in net assets, called ultra...
Deals & DealmakersDebt & Equity

MRC closes on $52M mortgage deal for East Village development

REW
by REW1570
    Madison Realty Capital (MRC) has provided a $52 million first mortgage loan for the acquisition of a development site in the East Village and construction of an approved 76,259 s/f mixed use development on the site. Opal Holdings purchased the site of the former R&S Strauss auto shop – across the street from Stuyvesant...
Debt & Equity

Transactions: Meridian’s $6.5M NJ loan, GCP Capital’s $69.8M in mortgage financing

REW
by REW867
Meridian Capital announced the following transactions: A new mortgage of $6,500,000 was placed on a 28-unit multifamily property located on Patten Avenue in Long Branch, NJ. The loan features a rate of 2.875% and a three-year term. This transaction was negotiated by Paul Gilbert and Jim Bologno. New mortgages totaling...
Debt & Equity

Industry consolidation among major risks facing REITs

REW
by REW845
By Stuart Eisenberg, BDO Despite mid-year gains that propelled REITs to outperform the broader market after a slow start to 2016, REITs are not resting on their laurels. According to BDO’s 2016 RiskFactor Report for REITs, an annual analysis of the most recent 10-K filings from the largest 100 publicly...
How marketplace lending could improve the house next door
Debt & Equity

How marketplace lending could improve the house next door

REW
by REW1753
By Brett Crosby, COO PeerStreet There’s been so many headlines around the P2P lending and marketplace lending industry as of late. The industry gets swept up in talking about the business of lending. Even for us, we talk about attractive investments and opening up the market for private money real...
Crowd has $53M co-working target in NoMad
Debt & Equity

Crowd has $53M co-working target in NoMad

REW
by REW1693
Manhattan-focused crowdfunding platform, Prodigy Network has launched a collective investment campaign for a property of co-working spaces in Manhattan. Located at 331 Park Avenue South, the 37,000 s/f NoMad property will become part of a group of buildings know as The Assemblage that provides shared office space for members. Prodigy...
Newmark inks $30M refinance for 5-9 Union Square West
Debt & Equity

Newmark inks $30M refinance for 5-9 Union Square West

REW
by REW1218
Newmark Holdings has just closed on a $30 million in refinancing for 5-9 Union Square West, an eight-story, 105,000-square-foot mixed-use building in Union Square. The announcement was made by co-principals Eric Gural and Brian Steinwurtzel of Newmark Holdings. “Amalgamated Bank was the existing lender and competed aggressively with other lenders...
Debt & Equity

Kaufman recaps Madison Square portfolio in $143M deal with China Orient

REW
by REW1399
The Kaufman Organization has refinanced its Madison Square Portfolio in a $60 million deal with Asian investment giant, China Orient. The total recapitalization was for $143 million with China Orient putting up $60 million in equity, said a spokeswoman for Kaufman. The four-building office portfolio was part of a job lot of...
APF Properties scores $60M financing for 286 Madison Avenue
Debt & Equity

APF Properties scores $60M financing for 286 Madison Avenue

REW
by REW1440
APF Properties has secured $60 million in CMBS financing for a midtown office property in a deal arranged by Meridan Capital. The ten-year loan, provided by Jeffries LoanCore, features a fixed-rate of 3.80 percent and full-term interest-only payments. The transaction was negotiated by Meridian senior managing director Tal Bar-Or, vice...
Extell partners with Chinese to build new super-tall tower on Billionaires Row
Construction & DesignDebt & EquityResidential

Extell partners with Chinese to build new super-tall tower on Billionaires Row

REW
by REW2536
Billionaires Row pioneer, Extell Development Company said it will partner with SMI USA (SMI), the US subsidiary of Shanghai Municipal Investment, to build Central Park Tower, a $3.0 billion supertall residential and commercial tower on 57th Street. Rising to 1,550 feet, Central Park Tower will be the tallest residential building...