Financial Digest

Koch of NorthMarq arranges $38.8 million first mortgage financing

NorthMarq Capital, Inc. has closed first mortgage construction financing of $38.8 million on a new 102-unit, middle-income condominium build...

Capmark arranges $11m for the 270-unit Century Valley Apartments

Capmark Finance Inc. funded $11 million in 6.02% fixed-rate, interim financing for the acquisition and rehabilitation of Century Valley Apar...

Alexander's closes $350m in construction loan for Rego Park Shopping Center

Alexander's, Inc. has closed a construction loan providing up to $350 million to finance its Rego Park project, a development consisting of ...

Turley and Sullivan of Cronheim Mortgage complete $20.4 million in financing for two New Jersey hotels

David Turley and Frank Sullivan of Cronheim Mortgage Corp. have arranged $20.4 million in financing for the Hampton Inn Mt. Holly and Best W...

Always do your work on the front-end of the deal

There is nothing like closing on a land parcel for development and finding after you close that: * The city is going to require you to provi...

Hudson Realty Capital arranges a total of $700m in debt and equity transactions during 2007

Hudson Realty Capital LLC (HRC) has completed a record year, closing $700 million of debt and equity transactions, a 58% increase over 2006....

PNC ARCS closes $5.998 million for 66-unit California multifamily property

PNC ARCS, a PNC Real Estate Company, has placed $5.998 million in financing for the Villa Tarzana Apartments, a 66-unit property located on...

Gardaphe of iCap Realty receives CMB designation

Paul Gardaphe, president & COO of iCap Realty Advisors, recently achieved the Certified Mortgage Banker designation (CMB) awarded by the Mor...

Phillips of Largo completes $11.5m first mortgage for 82,500 s/f flight research and development center

Jack Phillips, account executive for Largo Real Estate Advisors, Inc. arranged first mortgage financing in the amount of $11.5 million for t...

NYS HFA and NYS AHC provide $43.9 million in financing for 800 affordable housing units in NYS

According to governor Eliot Spitzer, more than 800 affordable housing units will be constructed or renovated across the state through the fi...