Debt & Equity
TRANSACTIONS: Meridian Capital places $23,250,000 mortgage on NJ multifamily
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Eastern Union Funding announced the following transactions: • A $21,000,000 first lien mortgage for the acquisition of a 266-unit multifamily
Debt & Equity
L+M secures funding for Sect. 8 building
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Rendering of the new facade planned for Zion Towers L+M Development Partners and Prudential Financial announced a deal to preserve and modernize 268 units
Debt & Equity
Mack antes up $295M to fund development of Philadelphia condo tower
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Newmark Knight Frank has arranged a $295 million floating-rate loan on behalf of Southern Land Company (SLC), for the construction of the Laurel, located
Debt & Equity
Bronx nursing home lands first HUD-insured loan for $104M
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Workmen’s Circle Multicare Center Berkadia announced $104.27 million in financing for Workmen’s Circle Multicare Center, a skilled nursing facility in
Debt & Equity
Newmark Knight Frank arranges $52M loan for 34th St. building
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Newmark Knight Frank has arranged a $52 million floating-rate loan for the refinancing of 263 West 34th Street. A Newmark Knight Frank team of Vice Chairmen
Debt & Equity
Apartment developer Lonicera lands $70M construction loan
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JLL Capital Markets experts have arranged $70 million in acquisition and construction financing for Lonicera Partners’ new luxury apartment development
Debt & Equity
Westchester County Exec approves financing for Purchase College building
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County Executive Robert P. Astorino has announced that the Westchester Local Development Corporation (LDC) has approved $36.4 million in low-cost financing
Debt & Equity
GFP refinances Film Center Building with $75M loan
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The Gural familyʼs GFP Real Estate has closed a $75 million refinancing for 630 Ninth Avenue, the recently renovated landmark 14-story property, also known
Debt & Equity
TRANSACTIONS: GCP arranges $43M in multifamily loans
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GCP Capital Group arranged mortgage financing in the aggregate amount of $43,285,000 for the following properties: • $16,250,000 for an eight-story multifamily
Debt & Equity
Changing rent laws could spark new financial crisis
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By Jonathan Lewis, Founder, JLJ Capital There’s been tons of press over the last few weeks and months about the housing crisis in New York City and the
Banking and Finance
Wells Fargo sells Eastdil Secured
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BEN LAMBERT Wells Fargo has announced the sale of Eastdil Secured, its private real estate investment banking division. The sale follows Eastdil’s management-led
Debt & Equity
Merchants Hospitality refinances Hudson Yards hotel
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Merchants Hospitality and Roche Enterprises have successfully closed on a $42 million mortgage financing on their Cachet Hotel at Hudson Yards North in Manhattan.