Carlton Advisory Svcs. signs $62 million hotel mezzanine application

According to Carlton Advisory Services, Inc. chairman Howard Michaels, Carlton has arranged the signing of a $62 million mezzanine finance application to be secured by a 205-key Midtown boutique hotel currently under construction. The lender is a new overseas fund. Carlton Advisory Services, Inc. is a national real estate investment banking firm prominent in debt and equity placement, investment sales, and commercial and residential loan sales. Carlton specializes in arranging passive, promotable equity for real estate and real estate-related Fund vehicles for many of its clients who include some of the most successful developers and institutions nationally. Carlton was founded in 1991 and has consummated in excess of $45 billion of transactions since 1998.

Tags: Brokerage

Reprint

Previous Story Next Story

Investment Property Realty Group represents The Vaja Group in $26.4 million acquisition of fully entitled Astoria development site

Queens, NY Investment Property Realty Group (IPRG) arranged The Vaja Group’s $26.39 million acquisition of 24-41 31st St., a fully entitled development site in Astoria. The 29,638 s/f site traded for $176 per buildable s/f.

Lee & Associates NYC arranges 14,000 s/f Midtown office lease for Julie Vos

Lee & Associates NYC arranges 14,000 s/f office lease for Julie Vos

Aaron of Horvath & Tremblay sells 10-unit mixed-use building at 168 Suffolk St.

Aaron of Horvath & Tremblay sells 168 Suffolk St.

Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Marcus & Millichap brokers sale of free-market mixed-use property in Brooklyn

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

IPRG’s Team Friedman brokers 7 Bronx closings totaling $12.07m

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Movers & Milestones

Montroy Architecture names Colbert principal

Columns and Thought Leadership

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of

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.

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional