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SELLING POINTS: Dermot pays $75M for The Kestrel; Orbach offloads UWS  portfolio
06
● HFF / SAVILLS STUDLEY Dermot pays $74M for luxury Brooklyn building The Dermot Company has bought The Kestrel, an eight-story, 126-unit luxury multi-housing
Residential
SELLING POINTS: KRE group continues to bolster NJ apartment portfolio; George Comfort buys Wʼchester office park
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●KRE GROUP / VERDE CAPITAL KRE adds more multifamily KRE Group, in partnership with Verde Capital, has acquired a 304-unit garden-style apartment property
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Greystone arranges $15M ‘green’ loan for NJ multifamily owner
06
 Greystone has provided a $15,326,000 Fannie Mae Delegated Underwriting and Servicing (DUS) loan to refinance a 208-unit multifamily property in Lindenwold, New Jersey.
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Greystone, Lappin JV a ‘life raft’ for affordable housing owners
06
Investment advisor Greystone has formed a joint venture with affordable housing company Lappin Associates. The joint venture will aim to deploy billions
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Lightstone funds $43M bridge loan for JC rental development
08
Lightstone Capital, Lightstone’s real estate debt platform, has provided a $42.7 million bridge loan to the Namdar Group to refinance MRK, a 15-story
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Eastern Union Funding cuts fees, adds clients
07
CRE finance company Eastern Union Funding has hired 75 new brokers as it works to boost business with a quarter point fee for agency refinancings.
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Greystone inks $20M refi’ for Oxford Realty Group
07
Greystone has provided a $20 million Freddie Mac loan to refinance a multifamily property in Springfield, New Jersey. The transaction was originated by
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Meir Tabak refinances Queens multifamily portfolio
07
Greystone has provided $30,865,000 in Fannie Mae Delegated Underwriting and Servicing (DUS) loans to refinance several multifamily properties in Queens, NYC.
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Lions Group refinances LIC condo with $65M loan
07
The Lions Group, the development and acquisition company run by Albert and Ramin Shirian, has a secured $65 million loan to refinance their newest Long
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Developer taps into green finance for $76M multifamily loan
08
Greystone has provided a $76,700,000 Fannie Mae Delegated Underwriting and Servicing (DUS) loan to refinance a 531-unit multifamily property in Huntingdon
Debt & Equity
Borrower exits bridge loan with $71M from Greystone
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Greystone has provided a $71.3 million HUD-insured loan to refinance Massapequa Center Rehabilitation & Nursing, a 320-bed skilled nursing facility
Deals & Dealmakers
Connecticut nursing home gets $8M bridge loan
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Greystone has provided an $8 million HUD-insured loan to refinance a 90-bed skilled nursing facility in Plainfield, Connecticut. The $8,008,000 permanent