According to Carlton chairman Howard Michaels, the firm has arranged the signing of a $62 million mezzanine finance application to be secured by a 205-key hotel under construction. The lender is a new overseas fund doing business in the U.S.
Brooklyn, NY Ridge Street Capital has funded a $2,117,500 DSCR purchase loan on a four-unit brownstone at 535 Washington Ave. in Clinton Hill. The loan closed October 15.