Black Mountain Capital closes $32.5 million in financing

Manhattan, NY According to Black Mountain Capital, (BMC) its founder and managing director, Alex Elezaj negotiated four transactions:

The refinance of a $13 million loan on a renovated 10,000 s/f townhouse on Washington Pl. in Greenwich Village.
A $12 million loan for the purchase of a residential condo package at Hudson Yards Residences. The purchase closed in two weeks and provided the sponsor 90% financing.
A $5 million construction loan for a seven, two-family townhouse subdivision project, The Park Hill Terrace of Yonkers. The sponsor plans to list the properties for sale once completed
A $2.5 million single-family construction loan for a 9,000 s/f property in New Rochelle.

BMC also opened a new storefront office in New Rochelle.

Tags: Brokerage

Reprint

Previous Story Next Story

Adirondack Capital Partners arranges sale of 96-unit Ridgeview Townhomes & Apartments

Wilton, NY Adirondack Capital Partners (ACP) negotiated the sale of Ridgeview Townhomes & Apartments, a 96-unit multifamily community located at 23 Northern Pines Rd., to Yakar Partners, for an

Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul

IRG acquires 422,727 s/f distribution facility in south St. Paul

Investment Property Realty Group brokers $16 million sale of multi-family 205 Ashland Pl.

IPRG brokers $16m sale of 205 Ashland Pl.

OPEN Impact Real Estate secures 77,000 s/f lease of former Catholic School

OPEN Impact secures 77,000 s/f lease of former Catholic School

Investment Property Realty Group closes $2.326 million sale of multi-family 1684 Banyer Place

IPRG closes $2.326m sale of 1684 Banyer Pl.

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Spotlight Content

2026 Women in Commercial Real Estate: Kaylie Scheinman, Herrick

Columns and Thought Leadership

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,

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

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their