National News

Blanton of Largo Capital secures acquisition financing for retail property

Kissimmee, FL Benjamin Blanton of Largo Capital, Inc. secured long term acquisition financing for a neighborhood retail property. The property is 28,500 square feet and 100% occupied. The improvements are minutes away from Walt

Merritt 7 leases over 160,000 s/f in past year, including new tenant Terex Corp.

Norwalk, CT According to Clarion Partners, LLC and Marcus Partners, Terex Corp. has signed a long-term lease at Merritt 7. Terex, a global manufacturing company, will be relocating from 45 Glover Ave. to 24,757 s/f in the upgraded Building 301. The new lease capped off

Ross of Largo Capital secures purchase of retail plaza for $4.4 million

Whitehall, OH Kevin Ross, managing director at Largo Capital, successfully secured acquisition financing to facilitate the purchase of a neighborhood retail plaza for $4.4 million

Blanton of Largo Capital secured financing for a grocery anchored retail center

Atlanta, GA Ben Blanton from Largo Capital, Inc. successfully secured acquisition financing for a grocery anchored retail center for $5.75 million. The financing was sourced through one

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