Financial Digest

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.

Zhen, Berke and Smith of JLL arrange four retail leases totaling 7,189 s/f

Manhattan, NY According to JLL, in partnership with Columbia University, four new retail tenants are coming to the Morningside Heights neighborhood of the Upper West Side in the fall of this year. lue Bottle Coffee, Dos Toros, Loco Coco, and Hex & Company...

Hoffenberg and Zabriskie of Trevian Capital originate three loans totaling $75.525 million

New York, NY Michael Hoffenberg, founder and managing principal, and Charlie Zabriskie, managing director, originations at Trevian Capital, ...

New York Life originates $103 million in financing for The Lanthian Apartments

Manhattan, NY New York Life Real Estate Investors, on behalf of New York Life Insurance Co., has originated $103 million in financing for The Lanthian Apartments, a 209-unit high-rise apartment building at 377 East 33rd St.

NKF adds Layne, Siegel and Celestin to NY Capital Markets Investment Sales division

New York, NY According to Newmark Knight Frank (NKF), three industry-expert capital markets professionals, Evan Layne, Brett Siegel and Jean Celestin, have joined NKF as vice chairmen and co-heads of the New York Capital Markets Investment Sales division.

GCP Capital Group arranges ten mortgages totaling $83.395 million; Includes $24 million for two six-story buildings by Brostovski

New York, NY GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $83.395 million for the following 10 deals:

Industrious raises $80 million in Series D funding

New York, NY Industrious, a flexible workspace provide, has closed an $80 million Series D funding round focused on strategic landlord partners. The round accelerates Industrious’s industry-first evolution to exclusively signing asset-light and low-risk landlord partnerships.

Nassi’s BCN closes $9 million construction loan for Bronx development

Bronx, NY Craig Nassi, owner of BCN Development, closed on a development site. Nassi plans to build 35,000 s/f in free-market residential units on the four lots at 2088 Valentine Ave. Plans are filed already and construction will begin in September. The $9 million loan that closed was a...

Burlington and subsidiary complete sale of AFCA 2 interests to Greystone; Will continue to develop new and unique opportunities

New York, NY According to Burlington Capital, LLC and Greystone & Co., Inc. (together with its affiliates, Greystone), they have completed a sale by Burlington Capital and one of its subsidiaries interests in America First Capital Associates Limited Partnership...

Lieberman and Haft of Meridian Capital arrange $15.6 million for three New York loans

New York, NY Meridian Capital Group has arranged $15.6 million in financing for three New York City area multifamily properties. These transactions were negotiated by Meridian managing director, Allan Lieberman, who is based in the company’s headquarters in downtown Manhattan.