Category: Finance
Avison Young arranges $147 million refinance for
255 Greenwich St. on behalf of Jack Resnick & S...
November 25, 2025
Manhattan, NY Avison Young arranged a $147 million first mortgage refinancing of 255 Greenwich St., a 600,000 s/f Class A office building with ground floor retail and parking in Tribeca, on behalf of an affiliate of Jack Resnick & Sons. The 14-story property was developed in 1987 by Jack Resnick & Sons, which was founded in 1928 and now spans three generations
GFI Realty arranges $40 million acquisition loan for Avalon Brooklyn Bay
November 25, 2025
Brooklyn, NY GFI Realty Services closed a $40 million acquisition loan for 1501 Voorhies Ave., formerly known as Avalon Brooklyn Bay and rebranded by the buyer as Aqualina New York, located in the Sheepshead Bay neighborhood. The financing was secured through OceanFirst Bank and arranged by Daniel Lerer
SL Green secures $1.4 billion refinance for 11 Madison Ave.
November 25, 2025
Manhattan, NY Fried Frank advised SL Green Realty Corp. (SL Green), and its joint venture with PGIM Real Estate, in connection with the completion of a $1.4 billion, five-year, fixed-rate refinancing of 11 Madison Ave., a 2.3 million s/f office tower in Midtown South. The new mortgage replaces the
IREON Insights: Tax consequences of using debt financing to acquire real estate in a self-directed I...
November 25, 2025
The act of borrowing money itself in a self-directed IRA is not a taxable event. However, using borrowed funds (debt financing) to acquire or improve rental properties can subject the IRA to taxes on unrelated debt-financed income (UDFI), which is a form of unrelated business taxable income (UBTI). This means
AANDAR Real Estate Capital closes $50 million across three transactions
November 25, 2025
Manhattan, NY AANDAR Real Estate Capital has closed three transactions totaling nearly $50 million within four weeks, spanning three asset classes and capital structures across the U.S. “These closings capture exactly what defines AANDAR — precision, creativity,
Slate Property Group secures $64 million refinancing for The Welz
November 25, 2025
Brooklyn, NY Slate Property Group (Slate) has closed on a $64 million refinancing for The Welz, a 162-unit multifamily property located at 159 Boreum St. in East Williamsburg. Developed by Slate Property Group and its partner Avenue Realty Capital (Avenue), and
Cottonwood receives $1b in commitments for real estate special situations investment strategy
November 25, 2025
Manhattan, NY Cottonwood Group (Cottonwood), a private equity real estate investment firm with offices in Los Angeles, Boston and New York, has exceeded its original fundraising goal for the Cottonwood Real Estate Special Situations Strategy. The strategy reached the milestone
Legion Investment Group secures $155 million construction loan for 550 West 21st St. condo project
November 25, 2025
Manhattan, NY Legion Investment Group, together with its partner AVRS Partners LP, closed a $155 million construction loan from Eldridge Real Estate Credit, the real estate investing strategy of Eldridge Capital Management, for 550 West 21st St., a condominium project that will bring
Rose Valley Capital launches RVAlliance
November 25, 2025
New York, NY Rose Valley Capital launched Rose Valley Alliance (RVAlliance), its proprietary investment vehicle designed to deliver flexible, fee-efficient access to high-quality real estate opportunities across the U.S.
Meehan of Greystone provides $30 million in Freddie Mac funding for Sloane Chelsea
November 25, 2025
Manhattan, NY Greystone closed a $30 milliion Freddie Mac conventional loan for Sloane Chelsea, a 266-unit high-rise multifamily property located at 360 West 34th St. The financing was originated by Robert Meehan, managing director at Greystone.
Jaffa of Eastern Union secures $20.5m for 54-unit Zoria Apts.
November 25, 2025
Queens, NY Eastern Union has arranged $20.5 million for the refinancing of Zoria Apartments, a new, 54-unit, mixed-use property located at 88-11 179th Pl. in Jamaica. The transaction was led by Alex Jaffa, a senior loan consultant
Phillips of Largo Real Estate arranges $2.2 million mortgage refinancing
November 25, 2025
East Aurora, NY Jack Phillips of Largo Real Estate Advisors, Inc., arranged a permanent first mortgage of $2.2 million to refinance the existing debt on a 121-unit garden style apartment. This well-maintained
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