Bronx, NY Arrow Real Estate Advisors closed on a $12.091 million Freddie Mac loan for multifamily property at 3030 Middletown Rd. Arrow Real Estate Advisors’ Eli Serebrowski, senior director, and Meir Schlusselberg, vice president, arranged the financing on behalf of client
Jersey City, NJ JLL Capital Markets, in conjunction with BlueGate Partners LLC, has arranged a $340 million refinancing for 50 & 70 Columbus, a 938-unit mixed-use property.
Wayne, NJ Cronheim Hotel Capital (CHC) has secured $19.5 million for the acquisition of the Home2 Suites by Spark GHC. The five-year loan offers attractive leverage, a floating rate that will decline
Nassau, BAHS Brookfield has completed a $1.93 billion refinancing of Atlantis Paradise Island, the landmark oceanside resort in The Bahamas. The new financing underscores Brookfield’s long-standing
Sarasota, FL Ryan Maddaluna of Largo Capital, Inc. has completed the successful closing of an acquisition loan for an automotive shop. This financing was secured through a credit union that provided
Prattville, AL Cronheim Hotel Capital (CHC) has secured $13.25 million from a regional bank to capitalize the leasehold acquisition and change of ownership PIP for the Hampton Inn & Suites. The five-year financing features 18 months of interest only and no prepayment
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Rochester, NY Mag Mile Capital, Inc. closed $14.5 million in CMBS financing for the Marriott Rochester Airport. The financing was structured with a 65% loan-to-value (LTV) ratio, a five-year loan term, and a 30-year amortization schedule with two years of interest only. The non-recourse loan
Ithaca, NY Kennedy Wilson has closed a $104 million senior construction loan for Ithaca Gateway, a 371-unit, 518-bed student housing development. The loan was provided to a joint venture led by Blue Vista, PeakMade Real Estate, and W5 Group for the development of a
Today’s banking environment for commercial real estate can be defined as a period of low liquidity and lingering distress. Much of this distress is due to banks having made aggressive loans in the COVID era, coupled with the functional obsolescence of many
Elmira, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., secured a permanent first mortgage to refinance the existing debt on two adjacent multi-tenanted office/warehouse (flex) buildings
Syracuse, NY Pyramid Management Group has worked with its lenders to secure three-year extensions on the loans on Holyoke Mall in Holyoke, Mass. and Sangertown Sq. in New Hartford, N.Y. A one-year extension has also been secured for Poughkeepsie Galleria in Poughkeepsie. These extensions will allow Pyramid to