Financial Digest

Ray, Hirt, Buchwald and Matheny of Mission Capital structure $23 million joint venture equity investment

Brooklyn, NY According to Largo and Mission Capital Advisors, Mission Capital’s Debt and Equity Finance Group has structured a joint venture between Largo and First Atlantic Real Estate for the $25 million acquisition of 215 North 10th St., an 18,000 s/f corner development site in the North Williamsburg section.

Smith of Capital One originates $175 million loan for BlackRock and L&L joint venture

Manhattan, NY Capital One has provided a $175 million loan to a joint venture between a BlackRock Real Assets fund and L&L Holding Co. t...

NCB originates $84 million for 17 housing co-ops

New York, NY National Cooperative Bank (NCB) has originated $84 million in new loans during April for 17 N.Y. area housing co-ops, according to Edward Howe III, managing director. 

GCP Capital Group arranges 10 mortgages totaling $85.6 million

New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $85.68 million for the following 10 deals:

Scandalios, Klein, Goldstein and Shepard of HFF arrange $86 million financing for The Lewis

Manhattan, NY Holliday Fenoglio Fowler, L.P. (HFF) has completed $86 million in financing for The Lewis, a newly completed, 186-unit apartment building in the Hudson Yards neighborhood.

Pollack and Neuman of Meridian Capital Group negotiate $23.5 million refinance of Box House Hotel

Brooklyn, NY Meridian Capital Group has arranged $23.5 million in financing for the refinance of The Box House Hotel.

Singer, Moroch and Bastone of Singer & Bassuk finance $8 million

Brooklyn, NY The Singer & Bassuk Organization LLC (SBO), a finance intermediary, has arranged an $8 million long-term fixed-rate loan for Kalmon Dolgin Affiliates – a Williamsburg-based commercial and industrial owner, developer, and real estate services provider – to refinance 33 Nassau Ave.

Peloquin of KeyBank Real Estate originates $30 million mortgage

Queens, NY KeyBank Real Estate Capital has originated $30 million in Freddie Mac, first mortgage financing for The Lanes, located in Long Island City. The seven-story, 57-unit, class A apartment complex was built in mid-2017 and totals 83,000 s/f with 11,000 s/fof ground floor retail space and 43 underground parking spaces.

Domenico and Anderson of Progress Captial negotiate $86.25 million construction loan

Manhattan, NY Brad Domenico and Kathy Anderson of Progress Capital negotiated an $86.25 million construction loan for YYY 62nd Street LLC, a...

Zegen of Madison Realty Capital originates $91 million mortgage for The Fitzroy

Manhattan, NY Madison Realty Capital (MRC) originated a $91 million first mortgage loan collateralized by The Fitzroy building, a 10-story c...