Delitsky and Didio of HFF secure $16.88 million construction and permanent loan

Holliday Fenoglio Fowler, L.P. (HFF) has secured a $16.88 million construction and permanent loan for the development of a 63,000 s/f freestanding ShopRite supermarket. Working on behalf of the borrower, HFF placed the 22-year, fixed-rate construction and permanent loan with a national life insurance company. The loan will convert to a 20-year, self-liquidating loan upon completion of the project. Slated for completion in 2015, the property is fully leased to ShopRite supermarket. Situated on 4.3 acres, the store is located at 3010 Veterans Rd. near the Richmond Pwy. and Pearl Harbor Memorial Expressway interchange. The HFF team representing the borrower was led by managing director Robert Delitsky and senior managing director Thomas Didio. HFF and HFF Securities L.P. (HFFS) are owned by HFF, Inc.. HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform. including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.

Tags: Brokerage

Reprint

Previous Story Next Story

Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site

Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.

BKM Capital Partners and Kayne Anderson Real Estate acquire a $1.8 billion portfolio of light industrial assets

BKM and Kayne Anderson acquire a $1.8b portfolio of light industrial assets

The Durst Organization inks 12,456 s/f lease

Marcus & Millichap arranges sale of skilled nursing facility in Hoosick Falls

M&M arranges sale of skilled nursing facility in Hoosick Falls

Pangram Labs signs 6,000 s/f lease at 25 Flatbush Ave.

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Construction Design & Engineering

RKTB elevates religious communities with housing and mixed-use buildings

Columns and Thought Leadership

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

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,

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,