Financial Digest

Lerman and Shifer of Meridian Capital Group arrange
$5.7 million financing for three Kew Garden multifamilies

Queens, NY 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...

Eastdil Secured arranges $240M refinance of ALTA+ in LIC; Kapahi of HKS acts as advisor to Simon Baron Dev.

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).

S3 Capital originates $140 million construction loan for Chess Builders; arranged by Filler of Meridian Capital Group

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.

City Urban Realty refinances 243 Canal Street with $21 million loan from Signature Bank

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. 

GCP Capital Group arranges six mortgages totaling $26.95 million

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....

More, Hirt, and Henn of Mission Capital Advisors arrange $15.2 million first mortgage refinance for The Box Factory

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 Bushwick

Mariutti joins HFF as a director in New York office

Manhattan, 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...

Stolly, Roeschlaub, Fromm and Scribani of Newmark Knight Frank arranges $52 million floating-rate loan

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...

HKS Real Estate Advisors completes four loans totaling $17.95 million

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 of

Hayum and Hingson of Meridian arrange $15.7 million construction loan for a 64-unit mixed-use property

Queens, 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.