Financial Digest

Industrious raises $80 million in Series D funding

New York, NY Industrious, a flexible workspace provide, has closed an $80 million Series D funding round focused on strategic landlord partners. The round accelerates Industrious’s industry-first evolution to exclusively signing asset-light and low-risk landlord partnerships.

Nassi’s BCN closes $9 million construction loan for Bronx development

Bronx, NY Craig Nassi, owner of BCN Development, closed on a development site. Nassi plans to build 35,000 s/f in free-market residential units on the four lots at 2088 Valentine Ave. Plans are filed already and construction will begin in September. The $9 million loan that closed was a...

Burlington and subsidiary complete sale of AFCA 2 interests to Greystone; Will continue to develop new and unique opportunities

New York, NY According to Burlington Capital, LLC and Greystone & Co., Inc. (together with its affiliates, Greystone), they have completed a sale by Burlington Capital and one of its subsidiaries interests in America First Capital Associates Limited Partnership...

Lieberman and Haft of Meridian Capital arrange $15.6 million for three New York loans

New York, NY Meridian Capital Group has arranged $15.6 million in financing for three New York City area multifamily properties. These transactions were negotiated by Meridian managing director, Allan Lieberman, who is based in the company’s headquarters in downtown Manhattan. 

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.