Debt & Equity
Eastern Union Funding turns around retail center loan
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In under 30 days, Eastern Union’s David Metzger and Nate Hyman arranged a $12.1 million loan for the acquisition of Town Center I, on behalf of a private
Debt & Equity
TRANSACTIONS: MMCC’s cross country dash; StackSource closes Brooklyn deal
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Marcus & Millichap Capital Corperation announced the following transactions: • A $2,635,000 acquisition loan was arranged for a Walgreens in Windermere, Florida.
Construction & Design
Meridian secures $15.4M in financing for East Village condos
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Meridian Capital Group negotiated $15.4 million in acquisition and construction financing for a mixed-use condominium development in the East Village on
Deals & Dealmakers
Westbrook bags W Union Square Hotel at $20M discount
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Westbrook Partners, the Midtown-based real estate investment company, bought the W Union Square Hotel for $165 million. The W Union Square at 201 Park
Debt & Equity
MRC lends Jersey developer $258M to build new homes
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Madison Realty Capital (MRC) closed a $258 million loan facility for an 1161-unit multifamily development portfolio owned by Jack Klugmann’s Accurate Builders
Debt & Equity
Bellwether secures $34M for affordable housing in Bronx, Harlem and Long Island
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Bellwether Enterprise Real Estate Capital, the mortgage banking subsidiary of Enterprise Community Investment, has closed over $34 million in loans for
Debt & Equity
Pearlmark refinances Tower 56 with $125M loan
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Pearlmark Real Estate has refinanced its Tower 56 office building with a $125 million loan from Blackstone. NKF Capital Markets announced that it arranged
Debt & Equity
VTS secures $55M in funding to fuel global expansion
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VTS, a leading asset management and leasing platform, has closed a $55 million funding round, marking the largest venture funding round in the history
Debt & Equity
Chinese investor Strategic Capital to finance new Manhattan apartment tower
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Strategic Capital — the investment arm of China Construction America — announced a $140 million equity investment in a 280,000 s/f Hudson Square development.
Debt & Equity
CBRE arranges $51M warehouse refinancing
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CBRE Capital Markets’ Debt & Structured Finance team has arranged $51.5 million for the refinancing of an 800,000 s/f industrial warehouse building
Debt & Equity
Lenders approach 2018 with negative outlook on profits
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Mortgage lenders again reported a negative profit margin outlook for the next three months, citing competition as the primary reason and continuing a quarterly
Debt & Equity
Merger set for accounting firms Marcum, DGLF
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Marcum LLP, a national accounting and advisory services firm, announced that it will merge with DGLF CPAs & Business Advisors, a full-service accounting