Wave of distressed sales on horizon as loan delinquency jumps
NAI Global President & CEO Jay Olshonsky, FRICS, SIOR, CCIM is expecting a wave of distressed commercial real estate assets to come to market in...
Tag : loans
$13 million loan arranged for East Village apartment building
ABS Altman Warwick, a division of ABS Partners Real Estate, has announced the closing of a $13 million loan for a 68-unit, 65,600 s/f apartment...
TRANSACTIONS: CV Capital Funding refinances mixed-used portfolio
Arbor Realty Trust funded a Freddie Mac SBL deal in Newark, New Jersey. 21-25 Willoughby Street, an 18-unit multifamily property, received $1.5 million in funding...
Transactions: Eastern Union closes $16.1M mortgage, GCP makes $17M loan
Eastern Union Funding announced the following retail transactions: A $16,100,000 first lien mortgage for the acquisition of a 550,000 s/f retail power center on Boardman-Canfield...
Steiner lands $228M Admirals Row loan
Steiner NYC has secured $228 million in construction financing for its Admirals Row project. Terms of the financing, provided by M&T Bank and Bank of...
MRC pumps $67M into New Jersey multifamily development
Madison Realty Capital (MRC) closed a $67.5 million loan collateralized by a 205-unit multifamily development project and an adjacent development site approved for 435 multifamily...
Square Mile antes up $149M loan for luxury Chicago apartment building
Square Mile Capital Management LLC announced that it has originated a $149 million loan secured by The Gallery on Wells, a 40-story 442-unit multifamily building...
Navy Yard closes on $42M loan for historic building restoration
The Brooklyn Navy Yard Development Corporation (BNYDC) announced the $42 million closing on financing for the redevelopment of Building 127, the last remaining adaptive reuse...
Jersey City condo secures $26M construction loan
Brad Domenico, partner at Progress Capital, negotiated a $26,250,000 construction to permanent loan secured by two parcels of land for construction of a new nine-story...
Goldman Sachs funds luxury Upper West Side development
Certes Partners, Metropolitan Acquisitions and United Management announced that they have secured $71.5 million in financing for the development of 212 West 95th Street, a...