Manhattan, NY Axiom Capital has structured and arranged a $22 million permanent loan (five years, fixed rate, three years I/O, five years ext. opt., non-recourse) for the refinance of a mixed-use multifamily property in the Financial District.
Bronx, NY Marking the largest first-half cycle in Wells Fargo history, Wells Fargo’s Community Lending and Investment (CLI) group closed $780.3 million in financing for five New York City-area affordable housing projects in the month of June. See below for a summary of each project
Manhattan, NY JLL Capital Markets brokered the sale of 175-177 East 3
rd St., two contiguous, five-story, walk-up buildings located between avenues A and B in the East Village neighborhood. The primarily free-market properties were sold for $10.8 million, or $802 per s/f.
Washington, DC Open Access, a 501 (c)3 organization offering paid fellowships to advance Black and Latinx leadership and representation in community development finance (CDF), has a rate of achievement in the three years since its launch: 85% of the graduates have been placed in positions
Yonkers, NY The Yonkers Industrial Development Agency (YIDA) has voted final and preliminary approvals of financial incentives for residential projects representing a total private investment of $22.4 million. The developments are projected to create 35 construction jobs
Brooklyn, NY GFI Realty Services negotiated the $4.7 million sale of 411 State St., a multifamily building located in the Boerum Hill section of the city. Zachary Fuchs, associate director of GFI Realty, represented the seller, Eric Orlofsky, and the buyer,
Bronx, NY Rockabill has secured $89 million on behalf of Catholic Homes New York, a division within Catholic Charities of the Archdiocese of New York, to finance the creation of 126 affordable homes, including 63 units with supportive services, in the Mott Haven section of the borough.
Manhattan, NY JLL’s Value and Risk & Advisory platform announced today that it has expanded its New York office team with the hiring of James Molloy as asenior director for institutional accounts. Molloy will work with senior managing director Steven Schleider to expand the platform’s institutional and financial services/lender coverage in Manhattan and the greater Tri-state region.
Manhattan, NY JEMB Realty said that the Joint Industry Board of the Electrical Industry (JIBEI) has signed a lease for 30,000 s/f at Herald Center (1293 Broadway at 34
th St.) to establish a new training and education center for the Electrical Industry Apprentice Training Program and
Haverstraw, NY The Boulder Group completed the sale of a single tenant net leased 7-Eleven property located at Gurnee Ave. and Rte. 9 West for $5 million. The 7-Eleven is located at the corner of a signalized intersection along U.S. Rte. 9 West
