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Northwood secures $150M loan for 100 Broadway in FiDi
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Northwood Investors has secured a $150 million mortgage for 100 Broadway in the Financial District, according to city records. The Metropolitan Life Insurance
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Hudson’s Bay completes $400M refi of Lord & Taylor’s Fifth Ave. flagship
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Canadian retail conglomerate Hudson’s Bay Company has just closed $400 million in refinancing for the Lord & Taylor flagship in Manhattan.
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HUD offers relief to multifamily mortgage holders
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Today, the U.S. Department of Housing and Urban Development (HUD) announced it is issuing new mortgage payment relief guidance under the Coronavirus Aid
Deals & Dealmakers
Cohn opens revamped firm in new flagship Midtown office
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MC Home Loans, a mortgage banker headed by industry leader, Melissa Cohn, opened August 17 in its flagship office in Midtown. “We’
Debt & Equity
Innovo, Square Mile score $54M loan for Bronx movie theater
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Innovo Property Group and Square Mile Capital have secured a $54 million loan for its acquisition of the shuttered Whitestone Multiplex Cinemas in the Bronx.
Deals & Dealmakers
Blackstone assumes $200M Fannie Mae mortgage for Kips Bay Court buy
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Blackstone Group will finance its reported $620 million purchase of Kips Bay Court by assuming the property’s existing $200.1 million Fannie Mae mortgage
Views
The fundamentals of securing the best rate on your commercial mortgage
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By Stephen A. Sobin, President and Founder of Select Commercial Funding Every commercial mortgage loan applicant invariably asks the same questions: “What
Deals & Dealmakers
Boston Properties secures $2.3B GM Building loan
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Boston Properties has secured a $2.3 billion loan for the GM Building at 767 Fifth Avenue. Boston Properties CFO Michael LaBelle announced the transaction
Featured
Why millennials can’t, or won’t, get a mortgage
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Millennial homebuyers, most of whom entered adulthood as the housing market collapsed due to misconduct from lenders, continue to face a variety of obstacles
Deals & Dealmakers
Moinian, SMA secure $118M mortgage for Dallas office building
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Square Mile Capital Management LLC announced that it has originated a $118 million mortgage loan secured by Renaissance Tower, a prominent 56-story office
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
CBSK Ironstate, Planet Partners land $84M loan for LIC condo project
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CBSK Ironstate and its development partner, Argentina-based Planet Partners, has secured $83.9 million to build a luxury condo in Long Island City.