Brooklyn, NY Madison Realty Capital (MRC) has closed a $27 million first mortgage loan for the development of a 68-unit mixed-use residential building located at 93 Linden St. and the rehabilitation of an adjacent two-story community facility at 395 Evergreen Ave. in the Bushwick neighborhood.
Manhattan, NY Holliday Fenoglio Fowler, L.P. (HFF) has secured $97.1 million in financing for 111 Leroy, a condominium development in the West Village. HFF worked on behalf of the developer, Property Markets Group (PMG), to arrange the two-year, floating-rate financing through Rialto Capital Management.
New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $87.125 million for the following 10 deals: $11 million for a six-story multifamily apartment building containing 57 units and 3,300 s/f of commercial space on West 175th St. in Manhattan. Paul Greenbaum, managing member of GCP, arranged the financing.
New York, NY Omar Khan has joined Procida Funding and Advisors on the asset management team. What makes this a historic hire for Procida is that it was Khan's grandfather, Abdul Qayum, who catapulted the then 19-year-old, Billy Procida's career by investing $400,000 (net present value close to $4 million) in 1982.
Manhattan, NY The Kaufman Organization (Kaufman) thas landed a $120 million refinancing loan for its Madison Sq. portfolio, which is comprised of four properties in the Flatiron and NoMad neighborhoods of Midtown South. The Kaufman team was led by Michael Kazmierski
Manhattan, NY CPC Mortgage Co. LLC, a subsidiary of the Community Preservation Corp. (CPC), has closed a $9.6 million Federal Housing Administration (FHA) loan to refinance two rent stabilized, multifamily properties in the East Harlem community.
New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $62.26 million for the following seven deals: $11.075 million for a six-story multifamily apartment building containing 66 units in the Midwood section...
Manhattan, NY Capital One has served as administrative agent for a $120 million loan to the Durst Org. to provide permanent financing for a class A office condominium at 855 Avenue of the Americas. The five-floor, 150,000 s/f condominium is leased to Nike USA.
Brooklyn, NY Knighthead Funding LLC has provided Cayuga Capital Management with $22 million in short-term debt to finance the conversion of a vacant warehouse into a 46,000 s/f retail facility.
New York, NY Meridian’s Adam Hakim, James Murad and Andrew Iadeluca arranged $138.6 million in financing for the ground-up construction of a condominium property on behalf of Anbau. The construction loan includes $96 million of senior financing...
