Financial Digest

SGR acts as legal counsel in $76.55 million financing deal

Brooklyn, NY Smith, Gambrell & Russell, LLP (SGR) served as legal counsel to Second Development Services, Inc. (SDS) in its $53.25 milli...

Oheb and Neumann of Meridian Capital Group arrange $11.3 million; Loan placed on behalf of Residential Development Group

Brooklyn, NY Meridian Capital Group arranged $11.3 million in financing for the construction of a multifamily development on behalf of Residential Development Group.

Stolly, Roeschlaub, Fromm and Egert of NKF secure $23.5 million loan

Manhattan, NY Newmark Knight Frank’s Debt & Structured Finance team has secured $23.5 million in refinancing on behalf of Stone Street Properties (SSP) for 16 East 18th St. The NKF team was led by vice chairmen Dustin Stolly and Jordan Roeschlaub and included senior managing director Daniel Fromm and associate director Josh Egert.

Greystone ranked #1 in Commercial HUD Lending for 2018

New York, NY According to Greystone, a leading commercial real estate lending, investment, and advisory company, it has been ranked #1 among...

S3 Capital Ptrs. originates $75 million senior construction loan

Bronx, NY S3 Capital Partners has originated a $75 million construction loan for 210 East 135th St. The property is situated on a 48,976 s/f lot and has a gross buildable of 315,000 s/f. The financing will fund the development of 237 residential rental apartments and a 3,000 s/f commercial space. The property is located in the much sought-after Mott Haven neighborhood. Construction is ongoing and foundation work has been completed.

Community Preservation Corp. celebrates $10 billion invested since 1974

New York, NY The Community Preservation Corporation (CPC) was joined by hundreds of its borrowers, lending and government partners and other...

Campbell of Berkadia arranges $140 million refinancing for Ocean at One West; 10-year loan secured through Freddie Mac on behalf of Ocean Prime, LLC

Manhattan, NY Berkadia has arranged the $140 million financing for Ocean at One West St., a high-rise multifamily property by The Moinian Gr...

Levine of Greystone originates $8.237 million Fannie Mae DUS loan for three Queens multifamily properties

Queens, NY Greystone has provided a $8.237 million Fannie Mae Delegated Underwriting and Servicing (DUS) loan to refinance a three-property multifamily portfolio. The transaction was originated by Fred Levine, managing director in Greystone’s Monsey  office, for The Colorful Flowers Commonwealth Trust.

McCormick, Dzbanek and Weisblum of Ariel Property Advisors’ capital services division arrange $9.045 million in financing for four New York City properties

NEW YORK, NY Ariel Property Advisors’ capital services division recently arranged $9.045 million in financing for four transactions. T...

GCP Capital Group arranges eight mortgages totaling $91.365 million

New York, NY GCP Capital Group LLC has arranged eight mortgage financings totaling $91.365 million. The deals include the following: &bul...