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.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.
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....Brooklyn, NY
Mission Capital Advisors’ debt and equity finance group has arranged $15.2 million of first-mortgage financing for The Box Factory, redeveloped into creative office and flex space. Located on the Brooklyn/Queens border in BushwickManhattan, NY
Holliday Fenoglio Fowler, L.P. (HFF) has expanded its debt and equity placement team with the addition of Jillian Mariutti as a director within its New York office. Mariutti has 12 years of commercial real estate experience and joins HFF from Mission Capital Advisors...Manhattan, NY
Newmark Knight Frank has arranged a $52 million floating-rate loan for the refinancing of 263 West 34th
St. A Newmark Knight Frank team of vice chairmen and co-heads of debt...
New York, NY
HKS Real Estate Advisors, a financial advisory and investment sales firm, has arranged the following four transactions in the residential and commercial real estate market totaling $17.95 million: A $8.15 million construction loan for the ground-up development ofQueens, NY
Meridian Capital Group arranged $15.7 million in construction financing for a mixed-use property in the Jamaica neighborhood. The 24-month construction loan, provided by a balance sheet lender, features a prime-based floating rate and full-term interest-only payments.