Rice of CBRE's Capital Markets group arranges $31m bridge financing

Geoffrey Rice, a senior vice president in CBRE's New York Capital Markets group, has secured bridge financing totaling $31 million on behalf of Eagle Ridge Resort, LLC., an affiliate of Loeb Partners Realty LLC. The three-year bridge loan, provided by Textron Financial, will enable ownership to complete the rehabilitation and expansion of the resort property. The bridge facility was structured with interest-only payments for the first 24 months of the term of the financing and a 30-year amortization schedule thereafter. Eagle Ridge Resort & Spa, a 750-acre Midwest golf and four-season resort, is located on 6,800 acres, 20 miles east of Dubuque, Ia. and 153 miles west of Chicago.

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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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