Financial Digest

Price and Geldmacher of Berkadia complete $104.27 million in financing

Bronx, NY Berkadia has completed $104.27 million in financing for Workmen’s Circle Multicare Center, a skilled nursing facility located on 3155 Grace Ave.

Marx Realty secures $140 million loan for 10 Grand Central; provided by MetLife and arranged by Cushman & Wakefield team

Manhattan, NY 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...

GCP Capital Group arranges nine mortgages totaling $134.95 million; Includes $50 million for an 18-story apartment/hotel by Classi

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...

HKS closes four loans totaling $35.95 million

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...

Hunt Real Estate Capital provides $192.2 million for 1,321-unit portfolio; Sponsor is a joint venture of Acacia, Pennrose and NYCHA

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...

Trow and Csenzapaura join the Trinity Street Capital Partners team

Manhattan, NY 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.

Lerman and Shifer of Meridian Capital Group arrange
$5.7 million financing for three Kew Garden multifamilies

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...

Eastdil Secured arranges $240M refinance of ALTA+ in LIC; Kapahi of HKS acts as advisor to Simon Baron Dev.

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).

S3 Capital originates $140 million construction loan for Chess Builders; arranged by Filler of Meridian Capital Group

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.

City Urban Realty refinances 243 Canal Street with $21 million loan from Signature Bank

Manhattan, NY 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.