CUR Funding secures $12.7 million in financing

Brooklyn, NY 59 North 6th Street LLC has secured $12.7 million in financing for its site at 59-63 North 6th St. in Williamsburg. The lender was an affiliate of CUR Funding LLC, the lending arm of City Urban Realty headed by Michael Alvandi.

The property comprises of a nearly complete development consisting of 7,500 s/f ground floor plus full basement retail space.

City Urban Realty is a fully integrated, privately held real estate investment company dedicated to commercial real estate equity and debt opportunities through its lending division CUR Funding LLC.

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The Domain Cos. closes on $175 million financing with Wells Fargo to deliver 400 housing units

Queens, NY The Domain Companies closed on $175.6 million in financing with Wells Fargo for a new mixed-income housing project called Elara, which will deliver 429 new apartments in one of the city’s fastest-growing neighborhoods. “Astoria is one of New York’s most vibrant and culturally rich neighborhoods, and it has long held a special place in Domain’s history.