Category : Debt & Equity

NCB issues $40M in co-op loans for month of April
Debt & Equity

NCB issues $40M in co-op loans for month of April

REW
by REW1312
National Cooperative Bank (NCB), a lender to co-operative housing throughout the Tri-State area, announced that the bank originated $40.5 million in new loans during April 2016 for 26 New York area properties. Edward Howe III, managing director of the NCB New York office, reported that senior vice president Mindy Goldstein...
Debt & EquityRetail

Redsky JV refinances debt on Bedford Avenue building with $19M mezz loan

REW
by REW1490
Square Mile Capital Management has originated a $19 million mezzanine loan for 241 Bedford Avenue, a 74,370 s/f mixed-use property in Williamsburg. The loan was made to a joint venture led by Redsky Capital, LLC. The proceeds were used to re-finance the existing debt on the property, provide capital to...
Debt & Equity

Houlihan-Parnes arranges $30M Bronx mortgage

REW
by REW1288
Houlihan-Parnes Realtors has arranged a $30,000,000 first mortgage on an office condominium in the Bronx. Bryan Houlihan and James J. Houlihan negotiated the placement of the mortgage on the 220,000 s/f property at 1775 Grand Concourse. The seven-year, non-recourse loan has a fixed rate of four percent with interest only...
Deals & DealmakersDebt & Equity

Harbor Group invests $30M in Washington Heights portfolio

REW
by REW1484
Harbor Group International announced that affiliates of the company have funded a $30 million investment in a portfolio of nine properties located in the Washington Heights neighborhood of Manhattan. The investment includes a $25 million mezzanine loan and $5 million of common equity. The investment was funded in connection with...
Madison Realty Capital raises $695M for latest fund
Deals & DealmakersDebt & Equity

Madison Realty Capital raises $695M for latest fund

REW
by REW1902
Madison Realty Capital (MRC), announced the final closing of Madison Realty Capital Debt Fund III LP, the firm’s third institutional real estate debt investment vehicle. Adam Tantleff, Managing Principal of MRC, said the discretionary private equity fund raised a total of $695 million in capital commitments, substantially exceeding its original...
Deals & DealmakersDebt & Equity

SL Green buys some Moinian Sky

REW
by REW1722
SL Green Realty Corp., New York City’s largest commercial property owner, has closed on the purchase of a 20 percent interest in the newly completed Sky residential towerat 605 West 42nd Street in Midtown. The firm was granted an option to purchase the interests at an agreed upon valuation in...
Deals & DealmakersDebt & Equity

Cammeby secures $218M for multifamily buy

REW
by REW1352
Meridian Capital Group arranged $218.2 million in acquisition financing for the purchase of Pleasant View Gardens and Wayne Village, two multifamily properties located in Piscataway and Wayne, NJ, respectively, on behalf of Cammeby’s International LTD. The 10-year Fannie Mae loans, provided by Capital One Multifamily Finance, feature fixed rates of...
Debt & Equity

Transactions: Flushing Bank finances retail rehab, Equicap arranges $17M acquisition loan

REW
by REW1415
Meridian Capital Group Credit union closes on biggest loan to date Meridian Capital Group arranged $28 million in permanent financing for the refinance of a multi-tenant medical office property located in Brooklyn, NY. The five-year loan, provided by Bethpage Federal Credit Union, features a fixed-rate of 4.25 percent and the ability...
Alliance Bernstein closes second real estate debt fund above target
Debt & Equity

Alliance Bernstein closes second real estate debt fund above target

REW
by REW2167
AllianceBernstein L.P. (AB), a global investment management firm, announced the closing of its second commercial real estate debt fund with total commitments of $1.55 billion, surpassing its $1 billion target. AB’s second fund (Fund II) received commitments from a diverse range of global insurers, pensions, and foundations and closed at...