Slingerlands, NY Adirondack Capital Partners (ACP) sold Meadowbrook Apartments, a 98-unit multifamily property, for an undisclosed price. Michael Hunter Coghill, managing partner of ACP, represented
Bradenton, FL Ian Fitzgerald of Largo Capital, Inc. arranged a $15 million construction loan for Forest Cove, a 156-unit workforce housing development. The financing was structured on a five-year term with 36 months of interest-only payments
Brooklyn, NY Arrow Real Estate Advisors secured $4.9 million in acquisition and construction financing for a multifamily property located at 220 Union St. The loan was arranged on behalf of Omri
Manhattan, NY The Capital Services Group at Ariel Property Advisors (Ariel) has arranged an $11.8 million condominium inventory loan for a 20-unit newly constructed residential condo project.
Manhattan, NY BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, has provided Yellowstone with $167 million to convert the Candler Building at 221 West 41st St,. a 25-story 221,357 s/f office building, into a 176-unit multifamily building along with an 18,174 s/f retail component.
Queens, NY Avison Young arranged a $75 million construction loan on behalf of Cord Meyer Development for the construction of two, five-story apartment buildings at the Bay Terrace Shopping
Brookhaven, NY BRP Companies, BlackRock, and Basis Investment Group have sold The Arboretum at Farmingville to The Inland Real Estate Group of Companies for $190 million. The Arboretum is a 491,000 s/f, 292-unit, garden-style
Greenville, NC NewPoint Real Estate Capital LLC (NewPoint) has provided a $49 million bridge-to-agency loan for the refinance of Evolve at the Pines Apartment Homes, a 288-unit multifamily
Brooklyn, NY Ariel Property Advisors (Ariel) arranged the sale of a 411,892 s/f, eight-building, 387-unit affordable housing portfolio situated in the Prospect Park South neighborhood of the city for $79.85 million, or $193 per s/f. The eight properties in the Prospect Park South portfolio are located at 816 Ocean Ave., 682 Ocean Ave.
Rye, NY Matt Cawley, Michael Hewes, and Olivia Friedberg of National Multifamily sold 99 Theodore Fremd Ave. in an off-market transaction for $2.675 million.
Brooklyn, NY Affinius Capital LLC closed a $300 million loan to refinance 102 Fleet, a Class A, 495-unit, 30-story multifamily project with 3,700 s/f of ground floor retail space. The loan was made to The Jay