Debt & Equity
Developer launches lending arm to deploy $750M in loans
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New York-based real estate firm Slate Property Group has launched SCALE Lending to provide up to $750 million in transitional and bridge loans to real
Debt & Equity
Transactions: Eastern Union closes $16.1M mortgage, GCP makes $17M loan
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Eastern Union Funding announced the following retail transactions: A $16,100,000 first lien mortgage for the acquisition of a 550,000 s/f retail power
Debt & Equity
Navy Yard closes on $42M loan for historic building restoration
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The Brooklyn Navy Yard Development Corporation (BNYDC) announced the $42 million closing on financing for the redevelopment of Building 127, the last remaining
Debt & Equity
Steiner lands $228M Admirals Row loan
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Steiner NYC has secured $228 million in construction financing for its Admirals Row project. Terms of the financing, provided by M&T Bank and Bank
Debt & Equity
Caspi Development lands $12.5M Bowery loan
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Holliday Fenoglio Fowler announced the $12.5 million refinancing of 135 Bowery, a newly built, 21,308 s/f boutique creative office building in the Midtown
Debt & Equity
Natixis provides $86M construction loan for new Sloan Kettering offices
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Natixis has provided an $86.25 million construction loan for for the built-to-suit Memorial Sloan Kettering office development at 330 East 62nd Street
Debt & Equity
MLK Real Estate Capital arranges bridge loan for Connecticut apartment complex
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MLK Real Estate Capital arranged $18.75 million in bridge financing for the acquisition and renovation of New Cambridge Apartments, a 208-unit, four-building
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
HFZ funds fintech venture upturning security deposits
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Obligo Inc., a financial technology company serving the real estate market, has completed a $5 million financing round. Obligo has developed a new financial
Debt & Equity
Mission Capital arranges $42M loan for Torchlight Investors hotel venture
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Mission Capital Advisors announced that its Debt & Equity Finance team arranged a $42 million, non-recourse ramp loan for the Sheraton Bay Point Resort
Views
Rising to the challenge of raising capital in a tough market
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By Greg Kalikow,  vice president, The Kalikow Group Raising equity for a project can be a challenge even in times of a healthy real estate market.
Deals & Dealmakers
Jonathan Kalikow sees trouble brewing for NYC market
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Jonathan Kalikow was born and raised in New York. He’s spent his entire life here and his family’s real estate roots run four generations deep.