PNC arranges $13 million FHA-insured Build America Bond (BAB)

PNC has completed one of the first FHA 242-insured, draw-down Build America Bond (BAB) transactions for Wills Memorial Hospital. The $13 million renovation and expansion financing was structured using an FHA-insured mortgage enhanced by Ginnie Mae securities as a source of payment for the Build America Bonds (BABs). The BABs carry a 5.01% fixed interest rate during construction and 25-year amortization period.

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Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

IPRG’s Team Friedman brokers 7 Bronx closings totaling $12.07m

Highcap Group sells Astoria 17 unit elevatored apartment building

OPEN Impact R.E. helps Coney Island Prep. secure 39-year leasehold condominium for new 45,190 s/f high school

OPEN Impact helps Coney Island Prep. secure leasehold condo. for new high school

New York restaurant group acquires Upper West Side retail co-op for $4.135 million in deal arranged by Lee & Associates NYC

N.Y. restaurant group acquires Upper West Side retail co-op for $4.135m in deal arranged by Lee & Associates NYC

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