National News

Axiom arranges $3 million refinance of Missouri retail building

Farmington, MO Axiom Capital Corp. has structured and arranged a $3 million permanent loan (5 year, fixed rate, non-recourse) for the refinance of a freestanding retail building. The property was built in 2016 and contains a 51,373 s/f single tenant building with 162 surface parking spaces situated on 3.90

Cronheim secures long-term financing for Florida office & retail properties

Cronheim Mortgage has secured permanent financing for two Florida properties, the Parkway Professional Building, a 42k+ SF office property, and the Tri City Center, a 90k+ SF retail property. Andrew Stewart, Dev Morris, and Allison Villamagna placed the financing with StanCorp Mortgage Investors

The M&T Charitable Foundation announce $3.8 million in grants

The M&T Charitable Foundation, the philanthropic arm of M&T Bank, announced Amplify Fund grant recipients for New York City and nearby regions, totaling $3.8 million committed to 31 non-profit organizations focused on community organizing, environmental, and financial empowerment initiatives

IIBEC announces first class of CBECxP certifications

Dallas, TX The International Institute of Building Enclosure Consultants (IIBEC) announced its first class of CBECxP certification holders. The group of 15 individuals who had earlier applied for IIBEC’s new credential

Cronheim arranges $12 million for 180-unit garden style apartment community in Morristown, NJ

Morristown, NJ Cronheim Mortgage has secured $12 million in permanent financing for Lindsley Arms Apartments, a 180-unit garden-style apartment community. Andrew Stewart, Dev Morris,

Colligan of Largo Capital arranges $15 million loan to refinance multifamily property

Norristown, PA Neal Colligan, Principal at Largo Capital, arranged a $15 million loan to refinance a 328-unit multifamily property.

Axiom Capital funds specialty grocer in Lewisville, TX

Lewisville, TX Axiom Capital Corp. has structured and arranged a $6,392,000 permanent loan (2 year with 1 year extension option, fixed rate) for the acquisition of a single tenant specialty grocer

Lionheart Strategic Management, Citigroup and Bank of Montreal provide $375 million in funding for acquisition of an office complex

Jersey City, NJ Lionheart Strategic Management LLC (Lionheart), an affiliate of Fisher Brothers that manages capital on behalf of third-party investors, has provided $150 million in financing on behalf of an institutional investor to 601W Companies for its acquisition, renovation, and lease-up, of

Ross of Largo Capital secures $5.35 million for refinancing

Memphis, TN Kevin Ross, managing director at Largo Capital, secured $5.35 million for the refinance of an industrial portfolio. The portfolio was financed in partnership with one of Largo's correspondent

Perlman of Largo Capital arranges $4.35 million for acquisition of self-storage facility

Hattiesburg, MS Ned Perlman, vice president of Originations at Largo Capital, arranged $4.35 million for the acquisition of a self-storage facility. The subject property consists of 45,425 net rentable s/f across 353 units including 321 climate-controlled units and 32 non-climate-controlled units. Perlman