Category: Finance

Paterson, NJ Avatar Financial Group LLC (Avatar) provided a $3.7million cash-out bridge loan on a newly constructed mixed-use property at 59 Pearl St. The two-year, first-lien loan was originated at 64% loan-to-value. The borrower

White Plains, NY Merchants Capital secured $138.5 million in financing for North White Plains Workforce Transit Hub, a mixed-use community developed by BRP Companies, with 296 residences, retail and community space located in a fast-growing transit corridor

Queens, NY The Domain Companies closed on $175.6 million in financing with Wells Fargo for a new mixed-income housing project called Elara, which will deliver 429 new apartments in one of the city’s fastest-growing neighborhoods. “Astoria is one of New York’s most vibrant and culturally rich neighborhoods, and it has long held a special place in Domain’s history.

Queens, NY Arrow Real Estate Advisors arranged a $105 million lease-up refinance on behalf of Watermark Capital Group for The Pecora, a newly delivered Class A multifamily property located at 41-10 Crescent St. in Long Island City. The financing was secured

Manhattan, NY JLL’s Capital Markets group’s M&A and Corporate Advisory, Corporate Banking Advisory, and Debt & Equity Advisory teams collectively secured $617 million in in financing for Link Apartments REIT and Link Apartments Opportunity Zone REIT, Grubb Properties-managed REITs, along with Link Apartments 8 Carlisle, a 64-story Class A multifamily development in the Financial District.

Huntington Station, NY Silver Arch Capital Partners closed a $5.66 million loan secured by a newly developed mixed-use property. The financing is secured by a fully leased 16-unit apartment

New York, NY/Washington, DC Machine Investment Group, LP (Machine) acknowledged the final close of Machine Real Estate Fund II (Fund II), the firm’s second flagship investment vehicle.

Brooklyn, NY Peter Cohen of Leviathan Capital arranged a $16.2 million construction loan for a 20-unit condominium development in Greenpoint. The financing was structured with a 7.75% interest rate

Manhattan, NY Slate Property Group closed on a new Separately Managed Account (SMA) with up to $1 billion of capital dedicated to sourcing and originating lower-leverage senior-secured

Commack, NY Cronheim Mortgage has arranged an UPREIT acquisition and financing for Mayfair Shopping Center, a 221,000 s/f, 25-acre community center located along Jericho Tpke. (Rte. 25). Allison Villamagna and Andrew Stewart represented the seller, Arlona Limited Partnership and Arlona Realty LLC, and arranged acquisition financing on behalf of the buyer, Brixmor Property Group.

Manhattan, NY JLL Capital Markets has arranged a $71 million construction loan for the development of 139 Franklin St., a boutique luxury condominium project in the heart of Tribeca.

Brooklyn, NY Marcus & Millichap Capital Corp. (MMCC) arranged $9.79 million in financing for the acquisition of a 13,575 s/f mixed-use multifamily and retail property located at 235-237 Kent