Financial Digest

Zegen of Madison Realty Capital originates $76 million loan

Brooklyn, NY Madison Realty Capital (MRC) provided a $76 million financing package, that included both an MRC senior loan and additional mezzanine financing from Bluestone Group, to fund the acquisition of a 12-story...

Aghravi and Han of JBA Equities complete $56 million construction loan for office reposition

Manhattan, NY According to Jonathan Aghravi of JBA Equities, his team has secured a $56 million construction loan for 541-545 West 21st St., an eight-story vacant warehouse that will be converted into office...

Fletcher, Klauer and Grover of Greystone close $37.05 million loan in Astoria

Queens, NY Greystone has closed a $37.05 million permanent loan made to an affiliate of the Shirian Family’s Lions Group to refinance 14-01 Broadway, a new 82-unit 100% market-rate multifamily rental....

GCP Capital Group arranges four mortgages totaling $43.675 million; Includes $24.65 million for for a multifamily by Greenbaum

New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $43.675 million for the following four New York City mortgage deals: A $24.65 million for a six-story multifamily apartment building containing ....

Grossman joins Chase’s CDB group as head of affordable housing

New York, NY According to Chase, Rachel Grossman joined the community development banking (CDB) group within commercial banking, as head of affordable housing secondary markets. Grossman is based in New York City...

Espresso Capital provides $5 million credit facility to Vidrio Financial

New York, NY Espresso Capital has provided Vidrio Financial, a financial technology platform for allocators to external managers, with a $5 million revolving debt facility. The company plans to use the capital to build its sales and marketing...

Amerant provides $49 million first mortgage for 109,623 s/f mixed-use property; Placed for a partnership of Infinity Real Estate and Nightingale

Brooklyn, NY Amerant provided a $49 million first mortgage loan to finance Kingswood Center II, a five-story, 109,623 s/f, mixed-use property located at 1715 East 13th St. Amerant acted as the administrative agent...

Sampson, Toy and Clauss join Sabal’s New York commercial real estate lending team

New York, NY Sabal Capital Partners, LLC, a financial services firm specializing in commercial real estate, lending and investing, has added a group of strategic new hires. As a part of this new wave of hires three executives have joined...

Eastern Union achieves highest August loan volume in firm’s 18-year history with 502 mortgage applications

Brooklyn, NY Eastern Union has filed the highest number of mortgage submissions of any previous August in the firm's 18-year history. The company, which has closed $12 billion in real estate transactions over the past three years, submitted 502 mortgage...

JLJ Capital provides $57 million in financing for 17-story, mixed-use Williamsburg project

Brooklyn, NY JLJ Capital, a leading provider of creative alternative financing solutions for major real estate projects, has agreed to provide a $57 million loan to 329 LLC for the completion of a mixed-use 17-story tower at 329 Broadway in Williamsburg.