News: Brokerage

Selevan, Roeschlaub, Shrier and Wasserman of CFL secure $24.575 million

Chesterfield Faring, Ltd (CFL), the real estate investment bank, has secured $24.58 million in financing for an institutional multifamily owner on 338-unit class A multifamily asset. The ten-year mortgage fixed rate financing, which features an 18-month interest-only period followed by a 30-year loan amortization schedule, was provided by a conduit lender. CFL has also structured a programmatic joint venture between Iridium Capital/Income Fund and a Private Equity Source to acquire single-tenant retail stores throughout the United States. CFL raised the debt for the initial portfolio acquisition of 10 Dollar General stores for the joint venture. The five-year mortgage fixed rate financing features a 1-year interest only period, followed by a 30 year loan amortization schedule, which was also provided by a conduit lender. The CFL team on these transactions were led by Larry Selevan, Jordan Roeschlaub, Jordan Shrier and Craig Wasserman. Chesterfield Faring, Ltd. is a premier real estate investment banking firm specializing in real estate and corporate finance. CFL provides a broad range of best-in-class real estate investment services to private and institutional clients, on a national and international basis.
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Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
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AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent