News: Brokerage

Pisanelli of U.S. Realty Capital arranges $8 million permanent mortgage for 26,000 s/f

The Atlantic Northeast office of U.S. Realty Capital successfully brokered an $8 million permanent mortgage for Patriot's Park, a 26,000 s/f retail plaza. The plaza is comprised of multiple buildings with inline units and pad sites. The tenant roster includes McDonalds, HSBC Bank, Walgreens, Sleepy's and Sprint. Patriot's Park is located in the town of Wappingers Falls and has two signalized intersections on Rte. 9, a major commercial corridor in Dutchess County. The permanent loan features a twenty-five year term with a five-year fixed interest rate of 5.18%. Rob Pisanelli of U.S. Realty Capital structured the loan on behalf of the borrower. U.S. Realty Capital is a national mortgage banking company with ten offices across the country. Providing creative capital solutions for commercial real estate owners and developers throughout the United States, U.S. Realty Capital has originated over $4.5 billion of debt and equity for their clients since 2005. Through their collective knowledge and industry experience U.S. Realty Capital provides comprehensive project analysis and competitive solutions for the unique needs of each client and project.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent