Front Section

Pisanelli of U.S. Realty Capital brokers $2.85m permanent mortgage

The Atlantic northeast office of U.S. Realty Capital brokered a $2.85 million permanent mortgage for an 82-room Microtel Inn & Suites. The p...

Kennedy Funding structures four loans totaling $38 million

Kennedy Funding, Inc. has closed four loans one day, three for land development and one for financial restructuring, totaling $38 million. ...

Corus Bank closes $72m loan for nine-story, class A office building

Corus Bank has closed a $72 million loan for MR BP Office #1, LLC, to finance the construction of a nine-story class A office building locat...

PNC ARCS finances $5.916 million for the 116-unit Waverly Farms

According to PNC ARCS, $5.916 million in financing was secured for the Waverly Farms Apartments, a 116-unit property. Built in 1982, Waverly...

Cambridge provides $7.26m for refinancing of 153-bed nursing home

Cambridge Realty Capital Companies has provided an insured $7.26 million first mortgage loan to refinance Community Nursing and Rehabilitati...

Michael Cervelli Real Estate sells three apt. buildings for $5.2 million

Michael Cervelli, president of Michael Cervelli Real Estate has completed the sale of three multifamily investment properties representing a...

Means and Mitchell of iCap place $5.5m loan

Alfie Means and Bill Mitchell of iCap arranged a $5.5 million loan for the acquisition of a 20,930 s/f shopping center. The borrower receiv...

StorageOp acquires 29,650 s/f former Store-It in Westland, Mich.

Storage Opportunity Partners LLC (StorageOp) acquired a Store-It Self Storage. The acquisition brings StorageOp's holdings to eight propert...

CBRE Capital Markets arranges $17.8m mezz. debt for St. Albans dev.

Senior VP Mark Fisher, along with associate Michael Diaz, both of CBRE's Capital Markets group in N.Y.C. teamed up with VP Bryan Kane and an...

HFF handles sale of the 877,335 s/f North Point Office Complex

The N.Y. and Pittsburgh offices of Holliday Fenoglio Fowler, L.P. (HFF) closed the sale of North Point Office Complex, two buildings totalin...