Debt & Equity
Record number of tenants struggling to pay their rent
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Due to the combination of stagnant income and rising rental rates, more and more people are struggling to pay for housing. According to a report from the
Debt & Equity
TRANSACTIONS: GCP arranges $19M financing for Chelsea property; Meridian closes multifamily loans
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GCP Capital Group arranged mortgage financing in the aggregate amount of $36,500,000 for the following properties: • $19,300,000 for a six-story multifamily
Debt & Equity
Washington Trust strikes deal for bowling alley conversion
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Washington Trust’s Commercial Real Estate Group recently provided $3.3 million to 923 Boston Post Road Associates, LLC, for the construction and financing
Debt & Equity
A decade on, investors continue to fight over Stuy Town billions
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A decade after the cityʼs most infamous apartment deal collapsed, investors are still fighting over the money lost and won in Stuyvesant Town.
Debt & Equity
Aurora Capital lands $105M loan for planned Restoration Hardware flagship
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Aurora Capital Associates has secured a $105 million loan for the planned Restoration Hardware flagship in the Meatpacking District, according to city records.
Debt & Equity
Extell bags tax breaks for $500M Yonkers development
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Extell Development Company has secured more than $21 million in tax incentives for a 1,400-unit residential development in Yonkers. Last week, the Yonkers
Debt & Equity
Edison Properties lands $110M loan for Manhattan portfolio
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New Jersey firm Edison Properties has secured a $110 million loan for a three-building Manhattan portfolio, according to documents filed with the city today.
Debt & Equity
Bizzi scores $473M refi package for 125 Greenwich
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Developers of a supertall luxury condo building in the Financial District have refinanced the property for nearly half a billion dollars. Bizzi &
Debt & Equity
GHP Office Realty places $22.5M mortgage on Tarrytown office tower
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Houlihan-Parnes Realtors has placed a new $22,500,000 first mortgage on 660 White Plains Road in Tarrytown. Photo by khrawlings/ Flickr The iconic office
Debt & Equity
Greystone antes up $17M Williamsburg loan
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Greystone has provided a $17 million Fannie Mae DUS loan to exit construction financing for 152 Manhattan Avenue in Williamsburg, Brooklyn.
Debt & Equity
TRANSACTIONS: Emerald Creek arranges Gowanus construction loan; Brick Capital funds UES mortgage;
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Brick Capital Partners LLC, announced the following transactions: • Through an affiliate entity, Brick provided a second mortgage in the amount of $4,000,000
Debt & Equity
Uber drives $24M mall refi
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Uber Capital Group has sourced a $24.05 million debt refinancing of the acquisition loan for the purchase of the Logan Valley Mall. The two-story, 785,000