Financial Digest

Barone of Cartlon secures $47.5 million construction financing for RYBAK’s Coney Island development

Brooklyn, NY According to The Carlton Group. Ltd., managing director Ruth Barone has arranged $47.5 million in financing for RYBAK Developme...

Square Mile originates $71 million loan for The Rennie; Arranged by Flammang of Cushman & Wakefield

Manhattan, NY Square Mile Capital Management LLC has originated a $71 million loan secured by The Rennie, a newly-built condominium building...

Forman of Trez Forman Capital enters New York market with financing of $7 million construction loan in Astoria, Queens

Queens, NY Trez Forman Capital Group has continued its successful year by completing its first transaction in New York. The private lender c...

GCP Capital Group arranges seven mortgages totaling $59.2 million

New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $59.2 million for the following seven deals: • $17 milli...

Hunt R.E. provides $120.6 million Fannie Mae financing for 39-property portfolio

Bronx, NY Hunt Real Estate Capital has provided $120.6 million in financing to facilitate the acquisition and rehabilitation of a multifamil...

SGR acts as legal counsel in $76.55 million financing deal

Brooklyn, NY Smith, Gambrell & Russell, LLP (SGR) served as legal counsel to Second Development Services, Inc. (SDS) in its $53.25 milli...

Oheb and Neumann of Meridian Capital Group arrange $11.3 million; Loan placed on behalf of Residential Development Group

Brooklyn, NY Meridian Capital Group arranged $11.3 million in financing for the construction of a multifamily development on behalf of Residential Development Group.

Stolly, Roeschlaub, Fromm and Egert of NKF secure $23.5 million loan

Manhattan, NY Newmark Knight Frank’s Debt & Structured Finance team has secured $23.5 million in refinancing on behalf of Stone Street Properties (SSP) for 16 East 18th St. The NKF team was led by vice chairmen Dustin Stolly and Jordan Roeschlaub and included senior managing director Daniel Fromm and associate director Josh Egert.

Greystone ranked #1 in Commercial HUD Lending for 2018

New York, NY According to Greystone, a leading commercial real estate lending, investment, and advisory company, it has been ranked #1 among...

S3 Capital Ptrs. originates $75 million senior construction loan

Bronx, NY S3 Capital Partners has originated a $75 million construction loan for 210 East 135th St. The property is situated on a 48,976 s/f lot and has a gross buildable of 315,000 s/f. The financing will fund the development of 237 residential rental apartments and a 3,000 s/f commercial space. The property is located in the much sought-after Mott Haven neighborhood. Construction is ongoing and foundation work has been completed.