Category: Finance

Hamburg, NY Ned Perlman of Largo Real Estate Advisors arranged a $25 million construction loan for a 112-unit multi-family development. One of Buffalo’s most

University Park, PA Cronheim Hotel Capital (CHC) has secured $40 million for the construction of Nittany Residence Club (NRC), a 70-unit, condominium-hotel with ground floor retail on the doorstep of

Woodbridge, NJ Cronheim Hotel Capital (CHC) has secured $13.2 million from a conventional bank lender to refinance the Comfort Suites and Fairfield Inn & Suites. The five-year fixed-rate loan, priced in the low-6%

Newport Beach, CA Talonvest Capital has arranged a $35 million, five-property financing on behalf of Andover Properties and its JV partner, TPG Angelo Gordon. The transaction includes 2,552 units and 180 parking spaces

Provo, UT Basis Investment Group, LLC, (Basis) has provided a $23.1 million bridge loan to Scannell Properties to facilitate the refinancing of Sierra Vista Way, a recently constructed industrial property. The bridge

Port Chester, NY The Hudson Companies closed on $66 million in construction financing for a new Class A multifamily development located at 70 Abendroth Ave. The loan was provided by Truist Bank and will support the construction of a 203-unit, transit-oriented multifamily development. The six-story project will include market-rate and affordable apartments, ground-floor retail, a community facility,

Manhattan, NY East Greystone has provided a $97.6 million HUD-insured loan to refinance a 272-unit multifamily property in East Harlem. The financing was originated by senior managing director Eric Rosenstock and executive vice president Jeff Englund of Greystone,

Hempstead, NY Short Term Capital funded a $2.5 million bridge loan to facilitate the purchase of a commercial building. The existing building on the site will be demolished to make way for a new mixed-use rental development, 108,000 s/f consisting of 96 residential units

New Rochelle, NY Newmark arranged $550 million in total financings across seven office, multifamily and hospitality assets located throughout Westchester County, New York and Fairfield County, Connecticut. The transactions were led by vice chairman Christopher Kramer

Brooklyn, NY Eastern Union secured a $33.84 million loan to help finance the purchase of a four-story, 144,263 s/f medical office building located at 6201 15th Ave. on the corner of 62nd St. in the Borough Park neighborhood.

Poughkeepsie, NY Basis Investment Group, LLC, (Basis) provided a $27.5 million bridge loan to Capstone Realty to refinance the existing debt of Plaza 44, a grocery-anchored neighborhood retail center located on the intersection of Rte. 44

East Hampton, NY Arrow Real Estate Advisors arranged a $4.4 million acquisition loan for 36 Newtown Ln., a 3,452 s/f mixed-use property located in the village. The financing was arranged on behalf of Vault Development Partners, led by Robert Zecher,