Financial Digest

Weighing the benefits and risks of tenant in common (TIC) ownership

As the tenant in common (TIC) market continues to mature, a growing number of investors are considering the real estate strategy as a way to...

Back to basics: Better times are ahead for the solvent balance sheet lenders

We all now know about the credit crunch that has dismantled the CMBS world in short order and the sub-prime losses that have felled the Wall...

Phillips of Largo secures $27m construction loan for Riverview Student Housing

Jack Phillips, account executive for Largo Real Estate Advisors, Inc. arranged a construction loan in the amount of $27 million for a 120-un...

Albano, Brostovski, Classi, Perlmutter, Sessa and Volk of GCP arrange a total of $92.74m

GCP Capital Group LLC has arranged mortgage financing in the amount of $92.74 million for the following properties: * $22.35 million for a n...

Trump Financial appoints Holmes director of business development

"Trump Financial has hired Richard Holmes, to spearhead the expansion of the mortgage bank and lending company into 14 key urban markets ove...

Heller and Metcalf of PNC ARCS arrange $13m for 224-unit property

According to PNC ARCS, a PNC Real Estate Company, $13 million in financing has been placed for the Latham Village Apartments, a 224-unit pro...

CPC arranges a total of $20.441 million in financings

The Community Preservation Corp. (CPC) has completed the following financings totaling $20.441 million: * In Brooklyn, CPC closed on a bridg...

ReCap secures 100% construction financing for developer: $5 million

Real Estate Capital of America (ReCap) recently secured a $5 million construction loan for a strip mall project. The development, which had ...

Green joins Starwood Capital Group as head of debt investments

Starwood Capital Group, a leading real estate private investment firm, has hired Bill Green to oversee the company's debt investment busines...

Tepedino and Klein of HFF arrange $33.85m for 40,500 s/f retail condo

The New York office of Holliday Fenoglio Fowler, L.P. (HFF) has secured $33.85 million in financing for a 40,500 s/f retail condominium with...