Financial Digest

GCP Capital Group arranges eight mortgages totaling $159.011 million

Manhattan, NY GCP Capital Group LLC has arranged mortgage financing for the following properties:

Capital One acts as agent for $430 million senior unsecured term loan for Essential Props. Realty Trust

New York, NY Capital One served as joint lead arranger, joint bookrunner, and administrative agent for a $430 million, seven-year,

Macerich refinances Kings Plaza in Brooklyn with $540 million loan

Brooklyn, NY The Macerich Company closed a $540 million loan on Kings Plaza. The new loan bears a fixed interest rate of 3.62% and matures

Progress Capital secures $130 million permanent mortgage

Manhattan, NY Brad Domenico of Progress Capital arranged a $130 million permanent mortgage loan for YYY 62nd Street LLC,

Merchants Capital provides $37m financing for three affordable housing developments

Queens, NY The Manhattan office of mortgage firm Merchants Capital secured $37 million in funding for three supportive housing

Fuld joins Eastern Union as VP of underwriting

Brooklyn, NY Eastern Union has hired Judah Fuld, Esq., to serve as VP of underwriting for Eastern Equity Advisors. An affiliate of Eastern Union,

GCP Capital Group arranges eight mortgages totaling $95.9 million

New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $95.9 million for the following eight New York City mortgage deals:

Community Preservation Corp. raises over $700 million in capital

New York, NY The Community Preservation Corp. (CPC) has over $700 million in capital available to lend and invest in affordable and workforce housing in N.Y. and the northeast U.S., as it continues to raise

Appel, Schwartz, Kurland, Schwartz and Diaz of AKS refinance $749 million

Manhattan, NY AKS Capital Partners has arranged a $749 million refinancing from Brookfield for Milstein Properties to support the redevelopment of 335 Madison Ave. The debt will be used to enhance the

JLL Capital Markets arranges $350m loan for class A property

Manhattan, NY JLL Capital Markets has arranged a $350 million loan to finance the leasehold position of 1407 Broadway, a 43-story, 1.1 million s/f office building. The group worked on behalf of Shorenstein Properties LLC