Financial Digest

Chugh of Maverick Capital arranges $155 million construction loan for development of 611 West 56th Street

Manhattan, NY Sumaida + Khurana and LENY have closed on a $155 million construction loan for the development of 611 West 56th St., the highly anticipated residential development designed by Pritzker Prize-winning Portuguese architect Álvaro Siza. 611 West 56th St. signifies Siza’s first building in the United States and is being co-developed by Sumaida + Khurana and LENY.

O’Brien joins Arbor as senior vice president, agency production

New York, NY Arbor Realty Trust, Inc. has appointed Bill O’Brien as senior vice president, agency production.

GCP Capital Group arranges six mortgages totaling $52.976 million

New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $52.976 million for the following six deals:

Ray, Hirt, Buchwald and Matheny of Mission Capital structure $23 million joint venture equity investment

Brooklyn, NY According to Largo and Mission Capital Advisors, Mission Capital’s Debt and Equity Finance Group has structured a joint venture between Largo and First Atlantic Real Estate for the $25 million acquisition of 215 North 10th St., an 18,000 s/f corner development site in the North Williamsburg section.

Smith of Capital One originates $175 million loan for BlackRock and L&L joint venture

Manhattan, NY Capital One has provided a $175 million loan to a joint venture between a BlackRock Real Assets fund and L&L Holding Co. t...

NCB originates $84 million for 17 housing co-ops

New York, NY National Cooperative Bank (NCB) has originated $84 million in new loans during April for 17 N.Y. area housing co-ops, according to Edward Howe III, managing director. 

GCP Capital Group arranges 10 mortgages totaling $85.6 million

New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $85.68 million for the following 10 deals:

Scandalios, Klein, Goldstein and Shepard of HFF arrange $86 million financing for The Lewis

Manhattan, NY Holliday Fenoglio Fowler, L.P. (HFF) has completed $86 million in financing for The Lewis, a newly completed, 186-unit apartment building in the Hudson Yards neighborhood.

Pollack and Neuman of Meridian Capital Group negotiate $23.5 million refinance of Box House Hotel

Brooklyn, NY Meridian Capital Group has arranged $23.5 million in financing for the refinance of The Box House Hotel.

Singer, Moroch and Bastone of Singer & Bassuk finance $8 million

Brooklyn, NY The Singer & Bassuk Organization LLC (SBO), a finance intermediary, has arranged an $8 million long-term fixed-rate loan for Kalmon Dolgin Affiliates – a Williamsburg-based commercial and industrial owner, developer, and real estate services provider – to refinance 33 Nassau Ave.