Debt & Equity
Sam Chang closes $83M refi for Times Square Holiday Inn
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Sam Chang’s McSam Hotel Group has secured an $83 million Deutsche Bank loan for the Holiday Inn NYC Times Square South, according to records filed with the city.
Debt & Equity
CPC closes on $100M New York portfolio loan
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The Community Preservation Corporation (CPC) announced the closing of a $100 million portfolio under the Freddie Mac Small Balance Loan (SBL) product.
Debt & Equity
Goldman Sachs funds luxury Upper West Side development
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Certes Partners, Metropolitan Acquisitions and United Management announced that they have secured $71.5 million in financing for the development of 212
Debt & Equity
Greystone directs $17M HUD loan to Michigan apartment project
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Greystone provided a $17 million HUD-insured loan for the development of a 145-unit apartment community to be built blocks from the state’s Capitol building
Debt & Equity
New York Realty Advisors provides $15.5M loan for Hell’s Kitchen hotel
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Photo by Keith Cooper/ Flickr Jeanne Cronin and Zeev Douek of Q10 New York Realty Advisors have arranged a $15,500,000 permanent loan on an 80-room limited
Debt & Equity
Investors, developers at the ready as Opportunity Zone guidance nears
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Investors and developers are poised on their starting blocks, ready to sprint into the country’s many designated Qualified Opportunity Zones just as soon
Debt & Equity
Pension funds in multi-billion dollar logistics play
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Two of Canada’s biggest pension funds announced a joint investment in Atlanta-based warehouse developer IDI Logistics. Ivanhoe Cambridge Inc.
Debt & Equity
G.S. Wilcox closes on $24M mortgage for AL, NC hotels
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G.S. Wilcox & Co. announced that Gretchen S. Wilcox, president, and Al Raymond, principal, have arranged a $24,000,000 first mortgage for three hotels
Debt & Equity
FCP grows structured investment with $100M mutlifamily stake
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FCP announced a $100 million preferred equity investment with Fairfield Properties to acquire a seven-property multifamily portfolio containing 1,496 units
Debt & Equity
Sherwood venture secures $48M for new Flatiron condo
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CIT Group Inc. announced that CIT Real Estate Finance provided a $48 million senior secured credit facility to a joint venture between Arun Bhatia Development
Debt & Equity
HAP scores $52M construction loan for Washington Heights development
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Madison Realty Capital (MRC) announced the closing of a $52.5 million construction loan, collateralized by a mixed-use development site at 4452 Broadway
Debt & Equity
MMCC arranges Henry Street co-op refinance
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Marcus & Millichap Capital Corporation (MMCC) has arranged a $16.8 million non-recourse loan for the refinancing of 75 Henry Street, a multi-family