Financial Digest

MRC provides $55 million construction loan

Brooklyn, NY Madison Realty Capital (MRC) closed a $55 million first mortgage loan collateralized by a mixed-use development site situated a...

Verdi of Capital One originates $20 million construction loan

Manhattan, NY Capital One has provided a $20 million construction loan to Bernstein Real Estate for the ground-up development of a 24-story,...

Torres joins Hunt as senior managing director and head of the PLG

New York, NY Precilla Torres has joined Hunt Mortgage Group as senior managing director and head of the Proprietary Lending Group (PLG). She...

Greystone closes with investors on a $750 million real estate debt fund

NEW YORK, NY Greystone, a real estate lending, investment and advisory company, has closed, with investors, the $750 million Greystone Senio...

Randolph, Alonso and Taseff of KeyBank close $127 million FHA 232/223(f) financing

Manhattan, NY KeyBank Real Estate Capital has secured $127 million in FHA 232/223(f) financing for Upper East Side Rehabilitation and Nursin...

Cotsalas and Delitsky of NorthMarq secure $47 million to refinance 128,251 s/f mixed-use Manhattan property

Manhattan, NY Charles Cotsalas, senior vice president/senior director of NorthMarq Capital’s Long Island regional office and Bob Delit...

Talbot of Newmark Knight Frank arranges $100 million refinance of 300,000 s/f office/retail building; Loan placed through Capital One

Manhattan, NY According toGFP Real Estate co-CEOs Brian Steinwurtzel and Eric Gural, and Northwind Group managing partner Ran Eliasa, the tw...

Brick Capital finances a total of $6.6 million

New York, NY Brick Capital Partners LLC has arranged three finance transactions totaling $6.6 million. The deals include: • Brick, t...

GCP Capital Group arranges nine mortgages totaling $45.15 million

New York, NY GCP Capital Group LLC has arranged nine mortgage financings totaling $45.15 million: • $14 million for a six-story mult...

McCormick and Dzbanek of Ariel Property Advisors negotiate $6.5 million loan for four Brooklyn properties

Brooklyn, NY Ariel Property Advisors’ Capital Services Division has arranged a $6.5 million loan for four properties located in Bedford-Stuyvesant. The division arranged a five-year, 75% loan-to-value (LTV) cash-out refinance loan at a fixed rate of 4%. This allowed the borrower to pay off four existing loans and get additional capital for future investments. Led by Ariel’s Paul McCormick, senior vice president of investment sales and capital services, and Matt Dzbanek, director of capital services, the non-recourse mortgage’s favorable terms were negotiated to meet the needs of the client and their fund.