News: Brokerage

CRE Lending Group closes 15 New York City-area loans totaling $316.1 million

The CRE Lending Group has arranged the following 15 loans totaling $316.1 million: * $40 million ARM to purchase a 38,609 s/f, multifamily housing property with 54 living units in Manhattan. * $38.8 million ARM to acquire a 766,365 s/f, multifamily housing property with 1,003 living units on Roosevelt Island (Investors is one of the lenders participating in this deal.) * $35.8 million ARM to acquire a 843,545 s/f, multifamily housing property with 1,193 living units in Upper Manhattan (Investors is one of the lenders financing this acquisition.) * $26.4 ARM to acquire a 481,235 s/f, multifamily properties with 700 residential units at two locations in Manhattan. * $26 million fixed-rate loan to refinance the commercial mortgage on a 33,000 s/f parcel of land in Manhattan. * $22.5 million ARM to purchase a 279,000 s/f, multifamily property with 183 residential units in the Bronx. * $19.5 million ARM to acquire a 72,606 s/f, mixed use building with retail stores and office space in Brooklyn. * $16.8 million ARM to purchase 29,600 s/f of multifamily properties with 78 living units in lower Manhattan. * $16 million interest-only construction loan to build a 44,323 s/f, multifamily housing building with 44 living units in Brooklyn. * $14.5 million ARM to refinance the commercial mortgages on a group of multifamily housing properties with a total of 33 living units that cover 43,079 s/f of space in Brooklyn, Queens, and Manhattan. * $14.2 million ARM to refinance a 98,834 s/f, multifamily space with 130 units in Queens. * $12.3 ARM to refinance a 146,400 s/f, multifamily building with 124 units in Brooklyn. * $11.8 million fixed-rate loan to refinance the commercial mortgage on industrial properties with a total of 68,820 s/f space at multiple locations in Brooklyn. * $11.5 million ARM to refinance the commercial mortgage on a 8,065 s/f, retail space in Brooklyn. * $10 million ARM to refinance a 23,904 s/f of multifamily properties with 29 living units on the Upper West Side of Manhattan.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

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

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

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