Deals & Dealmakers
Square Mile provides $71M for condo stabilization
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Square Mile Capital Management announced that it has originated a $71 million loan secured by The Rennie, a newly-built condominium building located in
Debt & Equity
BBG buys Jerome Haims appraisal firm
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Consolidation continues to reshape the commercial appraisal industry as BBG, a national advisory, has purchased Jerome Haims Realty, an independent New York firm.
Construction & Design
RYBAK secures $47M construction finance for Coney Island development
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The Carlton Group announced that managing director Ruth Barone has arranged $47.5 million in financing for RYBAK Development to support construction of
Debt & Equity
Rose secures $64m loan to renovate Grace West affordable homes
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Jonathan Rose Companies announced a new Low Income Housing Tax Credit (LIHTC) Partnership that will utilize approximately $64 million in FHA 223(f) permanent
Debt & Equity
Eastern Union finds finance package for search firm’s acquisition
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Eastern Union Funding’s Abraham Bergman and Yossi Orzel arranged a $11.2 million acquisition loan from Bank of America for the $12.8 million purchase of
Debt & Equity
Lancewood funds bridge loan for East Village student housing
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Lancewood Capital provided a $5,200,000 bridge loan to finance the acquisition and renovation of 317 East 5th Street a mixed-use property located in the East Village.
Debt & Equity
Unlikely alliance could rebuild America
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From the South Bronx to Paterson, New Jersey to Broad Street, Philadelphia, William “Billy” Procida knows what it takes to build in hardscrabble, inner-city neighborhoods.
Debt & Equity
Broadtree locked and loaded with $300M revolver
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Broadtree Residential, a private real estate investment trust managed by Broadstone Real Estate, has expanded its senior secured revolving line of credit
Debt & Equity
ABS refinances 162 Fifth with $85M loan
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ABS Altman Warwick announced the closing of a permanent loan for the 12-story, newly-renovated office building at 162 Fifth Avenue. Sources say the loan
Debt & Equity
HFF arranges $15M construction financing for self storage facility
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Holliday Fenoglio Fowler arranged $15.65 million construction financing for the development of Hillside CubeSmart, a 1,203-unit, self storage facility
Debt & Equity
Flexible Fred makes sense for affordable housing investors
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Non-profit affordable housing finance company, Community Preservation Corporation (CPC), has closed $11 million in permanent mortgages deals to refinance
Debt & Equity
Ladder Capital funds one of year’s biggest hotel loans
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Ladder Capital has closed one of the largest permanent loans on a NYC hotel this year, Mission Capital Advisors announced that its Debt and Equity Finance