Financial Digest

Could politics trump over traditional factors of overall cap rates and value in 2012?

When 2012 rolls around there will be a similarity to 2011 in the commercial, industrial, apartment and office real estate markets in the reg...

Cooper-Horowitz, Inc. arranges $339.5 million in financing for five properties

Cooper-Horowitz, Inc. has arranged financing for the following five properties totaling $339.5 million: * Trinity Centre, 111 and 115 Broadw...

Edelstein of Morrison & Foerster advises CIBC in $280 million refinancing of 180 Maiden Lane; Financing agented by Bank of China

The real estate finance group at law firm Morrison & Foerster LLP represented CIBC Inc. as sole co-lender in a $280 million refinancing of e...

Tepedino and Gigliotti of HFF arrange $115 million refinancing of multifamily; Worked exclusively on behalf of RFR Holding and placed through RBC Capital

Holliday Fenoglio Fowler (HFF) has arranged a $115 million refinancing for 980 Madison Ave., a six-story, 130,478 s/f mixed-use property on ...

Merdian Capital Group negotiates six mortgage deals totaling $30.1 million

Meridian Capital Group, LLC has negotiated the following six deals totaling $30.1 million: * Two mortgages totaling $2 million were placed b...

Prudential Mortgage Capital hires McRoberts as a managing director

Michael McRoberts has agreed to join Prudential Mortgage Capital Co. as managing director of its conventional Fannie Mae and Freddie Mac len...

Spiegel of NE Moves Mortgage arranges $2 million refinance loan for Florida office building

Sidney Spiegel, vice president of NE Moves Mortgage, commercial division, arranged a $2 million refinance loan for a single tenant office bu...

Anvar of Love Funding closes $19.5 million loan secured by The Overlook at Piermont

Love Funding has closed a $19.5 million loan refinancing for The Overlook at Piermont, a 106-unit market-rate apartment complex. Love Fundin...

Brostovski, Classi, Albano and Greenbaum of GCP finance $94.83 million; Includes a $38.387 million loan for a 517-unit apartment portfolio

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $94.83 million for the following properties: * $38.387 mill...

Phillips of Largo arranges $25 million refinance; for 1.755 million s/f distribution and warehouse facility

Jack Phillips, principal for the Largo Group of Cos., arranged $25 million through one of Largo's correspondent life insurance companies, to...