Finance Archives - Page 4 of 4 - Real Estate Weekly

Cove lands over $700M loan for Hudson Commons

REW December 4, 2019 December 4, 2019

by REWDecember 4, 2019December 4, 20193369

Cove Property Group has closed on $724.2 million financing for Hudson Commons, its trophy Hudson yards office development. Eastdil Secured and Cole Schotz P.C. represented the developer in securing the loans from affiliates of Blackstone Mortgage Trust. Cove, in partnership with The Baupost Group, purchased the property from Emblem Health...

Banking and Finance Debt & Equity Finance Funds and Finance

$24M for Samaritans

REW November 13, 2019 November 13, 2019

by REWNovember 13, 2019November 13, 20192770

Manatus Development Group has secured $24 million from TD Bank to finance construction of a mixed-use office building at 362 East 148th Street that will be the new flagship location of non-profit, Samaritan Daytop Village. The two-year loan includes a six month extension option and carries a rate of 4.5...

Banking and Finance Debt & Equity Finance Funds and Finance

Karp collects $34M to close out previous debt

REW November 13, 2019 November 13, 2019

by REWNovember 13, 2019November 13, 20192630

Greystone provided a $34,500,000 bridge loan to refinance Lenox Apartments, a 55-unit mixed-use property in Brooklyn, New York. The transaction was originated by Anthony Cristi, managing director & Hope Curtis, Originator in Greystone’s New York office, with Steven Vegh of Westwood Realty Associates acting as correspondent on behalf of the...

Featured Finance

Report warns of ‘demolition by neglect’ at NYCHA properties

Sabina Mollot October 30, 2019 October 30, 2019

by Sabina MollotOctober 30, 2019October 30, 20192450

RPA call on business community, banks and labor to get behind effort to rebuild NYCHA

Debt & Equity Finance

JBA arranges $38M deal for new Greenpoint rental

REW July 10, 2019 July 10, 2019

by REWJuly 10, 2019July 10, 20193475

Jonathan Aghravi of JBA Equities announced that his team has secured a $38 million loan for ground-up construction at 30 Kent Street, an 80-unit residential property with retail on grade to be developed in Greenpoint, Brooklyn. Construction is slated to take approximately two years to complete. The new 11-story, 86,067...

Finance

Strategic refinances Yonkers property with $70M Guggenheim loan

REW July 10, 2019 July 10, 2019

by REWJuly 10, 2019July 10, 20192402

Newmark Knight Frank arranged a $70 million fixed-rate loan for the financing of the River Club at Hudson Park, located in Yonkers, NY, on behalf of Strategic Capital. The Newmark Knight Frank team was led by Dustin Stolly and Jordan Roeschlaub, vice chairmen and co-heads of debt and structured finance,...