Philadelphia, PA Cronheim Hotel Capital (CHC) has secured $17.6 million from a regional bank for the refinance of the Fairfield Inn & Suites in Center City Philadelphia. The accretive
Wyomissing, PA Cronheim Hotel Capital (CHC) has secured $13.065 million from a national credit union syndicate for the refinance and renovation of the Hampton Inn. The five-year fixed-rate
Spokane Valley, WA Largo Capital arranged a $4.45 million interest only, non-recourse, debt placement through a balance sheet lender. The asset has been a long-term hold for the borrower
Manhattan, NY Global Holdings has secured a $450 million refinancing for 1250 Bdwy., branded as Nomad Tower, its 39-story, LEED Platinum-certified office tower located in the heart of NoMad in Midtown South. Wells Fargo originated the three-year, fixed-rate loan, which was structured as a Green Bond in alignment with Green Bond Principles. Eastdil Secured
Parsippany, NJ Arrow Real Estate Advisors has arranged a $21.45 million refinancing for Signature Acquisitions secured by a 203,506 s/f Class A office property located at 14 Sylvan Way.
Hempstead, NY The Town of Hempstead Local Development Corp. (LDC) has approved the sale of up to $125 million in tax-exempt bonds on behalf of Adelphi University to support a range of capital improvements to its Garden City campus, and, perhaps, refinance previously issued bonds.
El Paso, TX Peter Cohen of Leviathan Capital arranged a $2 million acquisition loan secured by an industrial asset. The loan terms featured a three year term, 5.88% interest rate,
Mamaroneck, NY Cushman & Wakefield served as the exclusive advisor to East Capital Partners in arranging $28.25 million in acquisition financing for a six-asset small-bay industrial
Port St. Lucie, FL Michael Balan of Largo Capital, Inc. arranged a $6.65 million acquisition loan to facilitate the purchase of two industrial flex buildings totaling 48,768 net rentable s/f within the St.
Manhattan, NY Raven Property Advisors has launched a Capital Markets division, led by Scott Kummings and Ben Daniels, and hired Jared Sobel as principal, bringing on a veteran multifamily finance
Howell, NJ Ira Zlotowitz, founder of GPARENCY and board member of national commercial real estate brokerage Eastern Union, launched AveryGPT, a lender intelligence platform designed to help mortgage
Uniondale, NY Forchelli Deegan Terrana LLP has launched Tax Break Down, a new blog designed to help businesses and individuals better understand today’s complex and evolving tax landscape.