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
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.
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,
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
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.
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).
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