Three brothers own two walk-ups in Queens. Their father bought the first in 1978. Rent regulation changed the math in 2019, the youngest brother is 68, and none of their kids wants a building. They sell.
The 1031 exchange is potentially one of the most powerful wealth-building tools in real estate. It allows investors to sell a property, defer capital gains taxes, and roll every dollar
After years of acquiring properties, managing tenants, and navigating the operational maze of rental real estate, there comes a time when most investors eventually face a new set of
Manhattan, NY George Comfort & Sons, and its partners Loeb Partners Realty and Jamestown, completed a $386 million refinancing of 200 Madison Ave., its 750,000 s/f Grand Central district office
Queens, NY Walker & Dunlop has arranged an $86.443 million Freddie Mac refinancing of a 506-unit multifamily portfolio in the Flushing neighborhood. The loan was originated on behalf of Iris Holdings Group and refinances the portfolio’s existing debt while supporting its long-term affordability.
Manhattan, NY M&T Realty Capital Corp. closed a $17.62 million Fannie Mae Multifamily Affordable Housing (MAH) refinance for The Christopher, a 207-unit supportive and affordable housing
Rahway, NJ SCALE Lending has finalized a $67.5 million construction loan for Capodagli Property Company for the development of Meridia Rahway Brownstones, phase II, a five-story multifamily building.
Ewing, NJ G.S. Wilcox & Co. secured $26 million in financing for a 308,355 s/f industrial portfolio. The financing for the properties was arranged by Bridget Wilcox, partner, and Al Raymond,
Middletown, NY Arrow Real Estate Advisors has arranged a $7.5 million bridge loan for a development site. The 48-acre site is progressing through the final stages of the approval process for the planned
Albany, NY Foss & Company has closed four historic rehabilitation investments in Buffalo, Albany, Fredonia, and Kingston supported by New York State Homes and Community Renewal’s (HCR) Small
Newport News, VA Merchants Capital secured $97.8 million in financing for the rehabilitation of Stuart Gardens, a 491-unit, two-phased affordable multifamily property developed by Vitus Group.
Mt. Arlington, NJ Cronheim Hotel Capital (CHC) has secured $13.5 million to refinance the Courtyard Rockaway Mt. Arlington. The sponsor, Opal Hotels, purchased the property in 2019 and executed an extensive renovation to modernize and improve