News: Brokerage

Cornerstone Realty Capital arranges financing for two properties - $3.25 million

Cornerstone Realty Capital arranged $2.45 million in financing on behalf of its client, 3-5 Maple Ave. LLC. The funds will be used to refinance two adjacent properties. The two apartment buildings feature 22 one-bedroom, 13 two-bedroom, and 4 three-bedroom apartments for a total of 39 units. The properties are in excellent condition and tenants of both will have access to a mutual lot for parking. "We were excited to work alongside 3-5 Maple Ave., LLC," said Paul Natalizio, president of Cornerstone Realty Capital. "The company has decades of management experience and a strong vision for growth and we are looking forward to supporting their continued success." Cornerstone Realty Capital was able to deliver an aggressive fixed rate with a 30 year amortization. Also, Cornerstone Realty Capital is pleased to announce that $800,000 in financing has been arranged on behalf of its client, UEP 185 L, LLC, for the acquisition of a three-family building in South Boston. The building includes one two-bedroom unit and two three-bedroom units. The apartment building is located on 185 L St., and is benefitted from its proximity from South Boston's Waterfront and the South End neighborhood. Brett Pagani, vice president at Cornerstone Realty Capital, said, "The buyer brings years of experience and a history of effective management to the table. The newest property will be no exception to his proven track record." Cornerstone Realty Capital was able to deliver a floating rate structure.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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
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,