Category: Finance

SCALE Lending issues $67.5 million construction loan for Meridia Rahway Brownstones Phase II

SCALE Lending issues $67.5 million construction loan for Meridia Rahway Brownstones Phase II

October 13, 2026
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.
G.S. Wilcox & Co. arranges $26 million financing for Ewing industrial portfolio

G.S. Wilcox & Co. arranges $26 million financing for Ewing industrial portfolio

October 13, 2026
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,
Arrow Real Estate Advisors arranges $7.5 million bridge loan for development site

Arrow Real Estate Advisors arranges $7.5 million bridge loan for development site

October 13, 2026
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
Foss & Co. partners with New York state HCR to advance affordable housing through  historic tax credits and PLP financing

Foss & Co. partners with New York state HCR to advance affordable housing through historic tax cred...

October 13, 2026
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
Merchants Capital secures $97.8 million for 491-unit affordable development in Newport News, VA.

Merchants Capital secures $97.8 million for 491-unit affordable development in Newport News, VA.

October 8, 2026
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.
Cronheim Hotel Capital secures $13.5 million refinance for Courtyard Rockaway Mt. Arlington

Cronheim Hotel Capital secures $13.5 million refinance for Courtyard Rockaway Mt. Arlington

October 1, 2026
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
Cohen of Leviathan Capital closes $4.75 million bridge loan for 4-unit mixed-use

Cohen of Leviathan Capital closes $4.75 million bridge loan for 4-unit mixed-use

September 30, 2026
Manhattan, NY Peter Cohen of Leviathan Capital arranged a $4.75 million bridge loan to refinance a maturing loan on a four-unit mixed-use building in the West Village.
Foss & Company partners with New York state HCR to advance affordable housing through historic tax credits and PLP financing

Foss & Company partners with New York state HCR to advance affordable housing through historic tax c...

September 29, 2026
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 Building Participation Loan Program (PLP). Together,
Cronheim Hotel Capital secures $31.5 million financing for conversion of former DoubleTree Suites to 213 apartment units to be named Hickory Crossing

Cronheim Hotel Capital secures $31.5 million financing for conversion of former DoubleTree Suites to...

September 29, 2026
Plymouth Meeting, PA Cronheim Hotel Capital (CHC) has secured $31.5 million to refinance the former DoubleTree Suites and capitalize a planned conversion to 213 apartments to be named Hickory Crossing. The sponsor, Kingsbury Financial LP (Kingsbury), is a multifamily investor
PTM Partners secures $125 million construction loan from GID for phase II of EDGE Collective

PTM Partners secures $125 million construction loan from GID for phase II of EDGE Collective

September 29, 2026
St. Petersburg, FL PTM Partners has closed on a $125 million construction loan from an affiliate of GID to finance EDGE Collective II, a 330-unit Class AA multifamily high-rise including 19,000 s/f of retail space in the EDGE District.
New Empire Group expands real estate development portfolio with $120 million in acquisitions

New Empire Group expands real estate development portfolio with $120 million in acquisitions

September 29, 2026
Manhattan, NY New Empire Group has expanded its real estate development portfolio with three acquisitions totaling more than $122 million: 567 2nd Ave. ($38 million), 10 East 30th St. ($33.5 million), and 4 West 43rd St. ($51 million).
Northmarg arranges $7 million refinancing for 53,000 s/f industrial warehouse

Northmarg arranges $7 million refinancing for 53,000 s/f industrial warehouse

September 29, 2026
Queens, NY Northmarq’s White Plains Debt + Equity team led by Robert Ranieri arranged $7 million in financing for a 53,000 s/f industrial distribution warehouse located at 56-75 49th St. in the Maspeth neighborhood