News: Finance

Financial Company Profiles: Centerline Capital Group

Centerline Capital Group, a subsidiary of Centerline Holding Co., provides real estate financial and asset management services, with a focus on affordable and conventional multifamily housing. They offer capital solutions, including financing and investment products, to developers, owners and investors. Their core businesses include: Low-Income Housing Tax Credit (LIHTC) origination, asset management, and affordable and conventional multifamily lending, primarily as a Government-Sponsored Enterprise (GSE), or agency, lender. As of September 30, 2009, they have over $9 billion of investor equity under management and provide asset management services to 1,500 affordable multifamily properties. Their agency lending platform has originated and services approximately $9 billion of mortgage loans.
Tags: Finance
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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.
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