News: Brokerage

Selevan, Roeschlaub, Shrier and Wasserman of CFL secure $24.575 million

Chesterfield Faring, Ltd (CFL), the real estate investment bank, has secured $24.58 million in financing for an institutional multifamily owner on 338-unit class A multifamily asset. The ten-year mortgage fixed rate financing, which features an 18-month interest-only period followed by a 30-year loan amortization schedule, was provided by a conduit lender. CFL has also structured a programmatic joint venture between Iridium Capital/Income Fund and a Private Equity Source to acquire single-tenant retail stores throughout the United States. CFL raised the debt for the initial portfolio acquisition of 10 Dollar General stores for the joint venture. The five-year mortgage fixed rate financing features a 1-year interest only period, followed by a 30 year loan amortization schedule, which was also provided by a conduit lender. The CFL team on these transactions were led by Larry Selevan, Jordan Roeschlaub, Jordan Shrier and Craig Wasserman. Chesterfield Faring, Ltd. is a premier real estate investment banking firm specializing in real estate and corporate finance. CFL provides a broad range of best-in-class real estate investment services to private and institutional clients, on a national and international basis.
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As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
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The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,