News: Brokerage

Selevan, Roeschlaub, Shrier and Wasserman of CFL secure $24.575 million

Chesterfield Faring, Ltd (CFL), the real estate investment bank, has secured $24.58 million in financing for an institutional multifamily owner on 338-unit class A multifamily asset. The ten-year mortgage fixed rate financing, which features an 18-month interest-only period followed by a 30-year loan amortization schedule, was provided by a conduit lender. CFL has also structured a programmatic joint venture between Iridium Capital/Income Fund and a Private Equity Source to acquire single-tenant retail stores throughout the United States. CFL raised the debt for the initial portfolio acquisition of 10 Dollar General stores for the joint venture. The five-year mortgage fixed rate financing features a 1-year interest only period, followed by a 30 year loan amortization schedule, which was also provided by a conduit lender. The CFL team on these transactions were led by Larry Selevan, Jordan Roeschlaub, Jordan Shrier and Craig Wasserman. Chesterfield Faring, Ltd. is a premier real estate investment banking firm specializing in real estate and corporate finance. CFL provides a broad range of best-in-class real estate investment services to private and institutional clients, on a national and international basis.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of