Financial Digest

Fletcher of Greystone Bassuk arranges $217.5 million refinance of 53-story rental tower; Originated by wells Fargo Multifamily capital for the Ashland in Brooklyn

Brooklyn, NY According to Richard Bassuk, CEO, and Drew Fletcher, president, of Greystone Bassuk, a $217.5 million permanent loan made to an...

Nemeroff of Imperial Capital closes $12 million first mortgage for 130 Bowery Street

Manhattan, NY According to Andy Nemeroff, president of Imperial Capital Company, he closed a first mortgage loan, secured by the property at 130 Bowery St. The property was financed with a major CMBS lender for $12 million, with a ten-year fixed-rate and interest only loan for full term. The interest only feature allowed the ownership to maximize cash flow throughout the term, as the loan was at a very conservative loan-to-value amount.

Hakim and Murad of Eastern Consolidated arrange $215 million construction loan

Manhattan, NY Eastern Consolidated’s Capital Advisory Division has arranged a $215 million construction loan for the development of a ...

Friedman joins Madison Realty Capital as managing director of originations

New York, NY According to Josh Zegen, co-founder and managing member of Madison Realty Capital (MRC), Aryeh Friedman has joined the firm as ...

GCP Capital Group arranges 13 mortgages totaling $120.5 million

New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $120.5 million for the following 13 deals: • $25 million...

GCP Capital Group arranges two mortgages totaling $11.19 million

New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $11.19 million for the following two deals: • $9 million...

Weinstock and Rhine of Meridian Capital Group arrange $267 million in financing for 25 properties

New York, NY Meridian Capital Group has arranged $267 million in balance sheet financing for 25 buildings in New York City and Long Island, ...

Gaines, Niedermayer and Baillie of JLL arrange $100 million construction financing package; Placed for Savanna; funded by United Overseas Bank and Canyon Partners Real Estate

Manhattan, NY Savanna has closed $100 million in construction financing for 106 West 56th St. When completed, the property will bring to mar...

Cristi of Greystone originates $20.84 million in Freddie Mac financing for portfolio

Brooklyn, NY Greystone has provided $20.849 million in Freddie Mac financing on an eight-property portfolio. The loans were originated by An...

Stellar Management refinances 13-property portfolio; Brokered by GCP

Manhattan, NY Stellar Management has refinanced a 13-property portfolio with a $105 million loan package from Capital One. The deal, brokere...