National News

Blanton of Largo Capital secures mortgage to refinance 91-room hotel

Orlando, FL Ben Blanton of Largo Capital, Inc. secured a 10-year permanent first mortgage to refinance the existing debt plus cash-out for a 91-room Avid (IHG) Hotel

LERA Opens new office in Jaipur, India

Jaipur, India LERA Consulting Structural Engineers (LERA), a structural engineering consulting firm based in New York, has opened a new office in India. The office is under the leadership of Nayan Trivedi P.E., partner at LERA

Cronheim Mortgage secures $11 million life-co financing for Walmart anchored Marketplace at Cinnaminson

Cinnaminson, NJ Cronheim Mortgage has secured $11 million for the refinancing of the Marketplace at Cinnaminson, a 328,000 s/f Walmart-anchored shopping center. Andrew Stewart, Dev Morris, and Allison Villamagna collaborated to

Red Oak Capital Holdings provides $5.8 million bridge loan for affordable housing

Washington, DC Red Oak Capital Holdings, LLC has provided a $5.8 million bridge loan for the Hawaii Ave. Apartments, a pair of multifamily buildings. The funds will be used to acquire and rehabilitate the properties into 22 multifamily units to be rented

SCALE Lending issues $243 million in loans on two new residential developments

Jersey City, NJ SCALE Lending has finalized two cross-collateralized loans totaling $243 million with Namdar Group for two multifamily buildings in Journal Sq. SCALE issued a $160 million construction loan for Namdar Group

Thorofare Capital refinances class A multifamily property in San Diego

San Diego, Ca Thorofare Capital, Inc., an affiliate of asset management platform Callodine Group, provided a $26 million loan to Chapman Place LLC for the refinancing and lease-up of Chapman Place Apartments Point Loma submarket. The

Gebroe-Hammer Associates and Berkadia orchestrate sale of The Metropolitan Lofts

Morristown, NJ Gebroe-Hammer Associates and Berkadia have announced the sale of 59 class A multifamily units at The Metropolitan Lofts in downtown for an undisclosed price.

Colliers Structured Finance Group closes $27.8m Fannie Mae loan for Edgeway apartment community

Bellflower, CA The Colliers Structured Finance Group (SFG) has closed a $27.765 milliion Fannie Mae loan for the refinancing of Edgeway, a 91-unit multifamily property. The loan is priced at 5.5% for five years and was arranged for Serrano Development Group by Colliers

Zeman joins Acentech to lead California office

Los Angeles, CA According to Acentech, John Zeman, LEED AP, BD+C has joined the firm to lead its local office. Zeman brings a 20-year career in architectural acoustics, environmental

Downing of Largo Capital secures mortgage to refinance mixed-use property

Apopka, FL Max Downing of Largo Capital, Inc. secured a permanent first mortgage to refinance the existing debt on a mixed-use property. The project was recently renovated and is fully leased to a blend of retail and office