Financial Digest

Khan joins Procida’s asset management team

New York, NY Omar Khan has joined Procida Funding and Advisors on the asset management team. What makes this a historic hire for Procida is that it was Khan's grandfather, Abdul Qayum, who catapulted the then 19-year-old, Billy Procida's career by investing $400,000 (net present value close to $4 million) in 1982.

The Kaufman Org. refinances Madsion Square portfolio for $120 million; First mortgage loan provided by Capital One

Manhattan, NY The Kaufman Organization (Kaufman) thas landed a $120 million refinancing loan for its Madison Sq. portfolio, which is comprised of four properties in the Flatiron and NoMad neighborhoods of Midtown South. The Kaufman team was led by Michael Kazmierski

CPC Mortgage closes $9.6 million FHA loan for two East Harlem multifamilies

Manhattan, NY CPC Mortgage Co. LLC, a subsidiary of the Community Preservation Corp. (CPC), has closed a $9.6 million Federal Housing Administration (FHA) loan to refinance two rent stabilized, multifamily properties in the East Harlem community.

GCP Capital Group arranges seven mortgages totaling $62.26 million

New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $62.26 million for the following seven deals: $11.075 million for a six-story multifamily apartment building containing 66 units in the Midwood section...

Smith of Capital One closes $120 million loan for 150,000 s/f office condominium

Manhattan, NY Capital One has served as administrative agent for a $120 million loan to the Durst Org. to provide permanent financing for a class A office condominium at 855 Avenue of the Americas. The five-floor, 150,000 s/f condominium is leased to Nike USA.

Daniel and Sullivan of Knighthead arrange $22 million
for Cayuga to convert warehouse into fitness facility

Brooklyn, NY Knighthead Funding LLC has provided Cayuga Capital Management with $22 million in short-term debt to finance the conversion of a vacant warehouse into a 46,000 s/f retail facility. 

Hakim, Murad, Iadeluca of Meridian arrange
$138.6 million in senior and mezzanine financing

New York, NY Meridian’s Adam Hakim, James Murad and Andrew Iadeluca arranged $138.6 million in financing for the ground-up construction of a condominium property on behalf of Anbau. The construction loan includes $96 million of senior financing...

Campbell of Berkadia completes $19.6 million in financing for 46-unit Brooklyn mid-rise multifamily building

Brooklyn, NY Berkadia has completed $19.6 million in financing for 240 Meeker Ave., a mid-rise multifamily property. Senior managing director Stewart Campbell of Berkadia’s Manhattan office secured the financing on behalf of borrower,

Greystone adds Cockley as deputy chief underwriter for FHA multifamily lending

New York, NY Greystone, a leading commercial real estate lending, investment, and advisory company, announced that Eben H. Cockley has joined as Deputy Chief Underwriter for the FHA lending platform, focusing on market rate multifamily and affordable housing.

Jones Lang LaSalle enters agreement to acquire HFF, Inc.; Gibson to serve as CEO, Capital Markets, Americas

Chicago, IL Jones Lang LaSalle and HFF, Inc. have entered into a definitive agreement under which JLL will acquire all the outstanding shares of HFF in a cash and stock transaction with an equity value of $2 billion.