Financial Digest

Rumul of Walker & Dunlop closes $93.925 million loan for 151-unit affordable housing property

Manhattan, NY Walker & Dunlop, Inc. has structured a $93.925 million loan with the United States Department for Housing and Urban Develo...

Zegen of MRC completes $64 million construction loan

Brooklyn, NY Madison Realty Capital (MRC) has closed a $64 million construction loan for 200 Kent Ave., a 117,326 s/f mixed-use development ...

Bassuk, Fletcher and Klauer of Greystone Bassuk arrange $30 million

Manhattan, NY Richard Bassuk, CEO, and Drew Fletcher, president, of Greystone Bassuk, closed a $30 million construction loan with Bank Hapoa...

GCP Capital Group arranges 11 mortgages totaling $143.604 million

New York, NY GCP Capital Group LLC has arranged mortgage financing in the amount of $143.604 million for the following 11 properties: &bu...

Klein and Goldstein of HFF finance $61.5 million

Queens, NY Holliday Fenoglio Fowler, L.P. (HFF) has completed $61.5 million in construction financing for the development of Roosevelt Parc,...

Bochner named chief marketing officer at Eastern Union's affiliate broker division

Howell, NJ  According to Eastern Union Funding, industry marketing veteran Josh Bochner has been appointed chief marketing officer (CMO) for the firm’s affiliate broker division, which has signed-up 1,000 commercial real estate sales broker affiliates from over 600 companies across the country since the launch of the program in October.

Bar-Or of Meridian Capital Group negotiates $15.4 million in acquisition and construction financing for mixed-use condominium development

New York, NY Meridian Capital Group has negotiated $15.4 million in acquisition and construction financing for a mixed-use condominium devel...

Brachfeld of Meridian Capital Group arranges $9.3 million in financing for four multifamily properties

Manhattan, NY Meridian Capital Group has negotiated $9.3 million in balance sheet financing to refinance four multifamily properties on Manh...

Fletcher of Greystone Bassuk arranges $217.5 million refinance of 53-story rental tower; Originated by wells Fargo Multifamily capital for the Ashland in Brooklyn

Brooklyn, NY According to Richard Bassuk, CEO, and Drew Fletcher, president, of Greystone Bassuk, a $217.5 million permanent loan made to an...

Nemeroff of Imperial Capital closes $12 million first mortgage for 130 Bowery Street

Manhattan, NY According to Andy Nemeroff, president of Imperial Capital Company, he closed a first mortgage loan, secured by the property at 130 Bowery St. The property was financed with a major CMBS lender for $12 million, with a ten-year fixed-rate and interest only loan for full term. The interest only feature allowed the ownership to maximize cash flow throughout the term, as the loan was at a very conservative loan-to-value amount.