Marx Realty (MNPP), a New York-based owner, developer and manager of office, retail and multifamily property across the U.S., has secured a $140 million loan to refinance its 10 Grand Central...New York, NY
GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $134.95 million for the following nine properties: $50 million for a recently renovated 18-story first class apartment/hotel property with...New York, NY
HKS Real Estate Advisors, a leading New York based financial advisory and investment sales real estate firm closed the following four loans totaling $35.95 million: A $20 million, 10-year full term interest-only...New York, NY
Hunt Real Estate Capital has provided $192.2 million in financing to facilitate the acquisition and rehabilitation of a multifamily portfolio located in NYC. The loans are 30-month and 36-month...
Trinity Street Capital Partners (TSCP) has relocated its corporate offices to 80 Broad St. in the Financial District. To fuel demand for their expanding services, TSCP has added two additional people to their team.Queens, NY
Meridian Capital Group has arranged $5.7 million in acquisition financing for three multifamily properties on behalf of MDM Development. The five-year loan, provided by a balance sheet lender, features a rate of 3.88% and two years of interest-only payments followed by...Queens, NY
Affiliates of Simon Baron Development Group LLC have closed on a $240 million refinancing of ALTA+, a 467-unit building located at 29-22 Northern Blvd. in Long Island City. The lenders were Société Générale and Deutsche Pfandbriefbank (PBB).Bronx, NY
S3 Capital Partners has originated a $140 million construction loan for Chess Builders and its new development at 210 East 135th St. The financing will drive the construction of two 25-story towers, consisting of 430 rental units (of which 129 are affordable), 24 hotel rooms, 5,000 commercial s/f and 210 parking spaces.
Michael Alvandi’s City Urban Realty and Stellar Management have completed a refinance of 243 Canal St. Signature Bank provided a $21 million loan which included a $2.5 million gap mortgage. GCP Capital Group’s Alan Perlmutter negotiated the financing.
New York, NY GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $26.95 million for the following six properties:
• $8.2 million combined financing for a portfolio of seven multifamily apartment....