Category : Debt & Equity

Debt & Equity

Study: Pension funds under increased pressure to perform well

REW
by REW1569
With a total of $8.4 trillion in assets under management, public and corporate sector pension funds represent a major portion of the $24.7 trillion of assets on which millions of Americans rely for their retirement security. With funding liabilities on the rise, pension funds are under increased pressure to maximize...
Transactions: Altman Warwick’s $311.5M in mortgage financing, Meridian’s $2.1M for Brooklyn property
Debt & Equity

Transactions: Altman Warwick’s $311.5M in mortgage financing, Meridian’s $2.1M for Brooklyn property

REW
by REW1190
Meridian Capital announced the following transactions: A new mortgage of $2,100,000 was placed on a four-story, 21-unit multifamily property located on Ocean Avenue in Brooklyn, NY. The five-year loan features an initial rate of 2.625%. This transaction was negotiated by Scott Assouline and Jacob Nefoussi. New mortgages totaling $12,000,000 on...
Deals & DealmakersDebt & Equity

HFF selling $240M loan portfolio on behalf of Redwood Trust

REW
by REW965
Holliday Fenoglio Fowler has been retained by Redwood Trust, Inc. to market and sell a $241.3 million commercial loan portfolio consisting primarily of commercial mezzanine loans associated with 73 properties located in 26 states. The portfolio has a weighted average coupon of 9.7 percent and a weighted average remaining term...
$4.1M financing for 60 Beach Street in Tribeca
Debt & Equity

$4.1M financing for 60 Beach Street in Tribeca

REW
by REW1281
Silver Arch Capital Partners announced a loan financing of $4,100,000 secured by an apartment at 60 Beach Street in Manhattan. The three-bedroom, 3-bath 5,000 s/f Tribeca residence occupies four floors with a backyard courtyard. Jeffrey Wolfer, president and CEO of the Hackensack, NJ-based Silver Arch Capital Partners said, “The borrower...
G.S. Wilcox closes on $24M mortgage for AL, NC hotels
Debt & Equity

G.S. Wilcox closes on $24M mortgage for AL, NC hotels

REW
by REW1654
G.S. Wilcox & Co. announced that Gretchen S. Wilcox, president, and Al Raymond, principal, have arranged a $24,000,000 first mortgage for three hotels located in Alabama and North Carolina. The loan was placed with the Minnesota Life Insurance Company which is one of G. S. Wilcox & Co.’s correspondent lenders....
Walker & Dunlop closes on $17.5M loan for 916-926 Southern Blvd. in the Bronx
Debt & Equity

Walker & Dunlop closes on $17.5M loan for 916-926 Southern Blvd. in the Bronx

REW
by REW1428
Walker & Dunlop announced closed on a $17.5 million loan for a Bronx multifamily property through its high yield lending platform, Commercial Property Funding, LLC. The short term high yield bridge loan was used to fund the acquisition of 916-926 Southern Boulevard, as well as reserves related to capital improvements...
CBRE arranges $120M deal for Silicon Valley development
Debt & Equity

CBRE arranges $120M deal for Silicon Valley development

REW
by REW1575
CBRE Capital Markets’ Debt & Structured Finance team has arranged $120 million in financing for two office buildings totaling 260,000 s/f, located within Main Street Cupertino, in Cupertino, California. John Nelson and Erik Franks of CBRE’s San Francisco office arranged the financing on behalf of the borrower, a joint venture...
Debt & Equity

New Treasury rules for LLCs are bad for business, says legal expert

REW
by REW1257
New Federal rules requiring that entities, such as LLCs, which invest in or purchase New York luxury apartments, identify their members will likely negatively affect the market for sale of such properties, predicts one expert who has represented hundreds of foreign national buyers and investors. The rule, announced in January...