Category: Finance
Orange Bank & Trust Company opens office at 3485 E. Tremont Ave.
September 30, 2025
Bronx, NY Orange Bank & Trust Company has opened a full-service office at 3485 E. Tremont Ave. in the Throggs Neck BID, marking the bank’s second location in the borough. The new office signifies the bank’s growth over the last several years and will support its
Arrow Real Estate Advisors secures $12.1 million Freddie Mac loan for multifamily property
September 30, 2025
Bronx, NY Arrow Real Estate Advisors closed on a $12.091 million Freddie Mac loan for multifamily property at 3030 Middletown Rd. Arrow Real Estate Advisors’ Eli Serebrowski, senior director, and Meir Schlusselberg, vice president, arranged the financing on behalf of client
$340 million refinancing secured for 50 & 70 Columbus in Jersey City
September 30, 2025
Jersey City, NJ JLL Capital Markets, in conjunction with BlueGate Partners LLC, has arranged a $340 million refinancing for 50 & 70 Columbus, a 938-unit mixed-use property.
Cronheim Hotel Capital secures $19.5 million for acquisition of Home2 Suites
September 9, 2025
Wayne, NJ Cronheim Hotel Capital (CHC) has secured $19.5 million for the acquisition of the Home2 Suites by Spark GHC. The five-year loan offers attractive leverage, a floating rate that will decline
Brookfield completes $1.93 billion refinancing of Atlantis Paradise Island
September 9, 2025
Nassau, BAHS Brookfield has completed a $1.93 billion refinancing of Atlantis Paradise Island, the landmark oceanside resort in The Bahamas. The new financing underscores Brookfield’s long-standing
Maddaluna of Largo Capital completes acquisition loan
August 26, 2025
Sarasota, FL Ryan Maddaluna of Largo Capital, Inc. has completed the successful closing of an acquisition loan for an automotive shop. This financing was secured through a credit union that provided
Cronheim Hotel Capital secures $13.25 million for the acquisition of Hampton Inn & Suites
June 24, 2025
Prattville, AL Cronheim Hotel Capital (CHC) has secured $13.25 million from a regional bank to capitalize the leasehold acquisition and change of ownership PIP for the Hampton Inn & Suites. The five-year financing features 18 months of interest only and no prepayment
Mag Mile Capital closes $14.5 million CMBS financing for Marriott Rochester Airport
May 13, 2025
Rochester, NY Mag Mile Capital, Inc. closed $14.5 million in CMBS financing for the Marriott Rochester Airport. The financing was structured with a 65% loan-to-value (LTV) ratio, a five-year loan term, and a 30-year amortization schedule with two years of interest only. The non-recourse loan
Kennedy Wilson provides $104 million
senior construction loan for Ithaca Gateway
April 8, 2025
Ithaca, NY Kennedy Wilson has closed a $104 million senior construction loan for Ithaca Gateway, a 371-unit, 518-bed student housing development. The loan was provided to a joint venture led by Blue Vista, PeakMade Real Estate, and W5 Group for the development of a
Phillips of Largo Real Estate secures $1.65 million refinancing
March 11, 2025
Elmira, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., secured a permanent first mortgage to refinance the existing debt on two adjacent multi-tenanted office/warehouse (flex) buildings
Pyramid Management Group secures extensions on $400 million of debt
February 25, 2025
Syracuse, NY Pyramid Management Group has worked with its lenders to secure three-year extensions on the loans on Holyoke Mall in Holyoke, Mass. and Sangertown Sq. in New Hartford, N.Y. A one-year extension has also been secured for Poughkeepsie Galleria in Poughkeepsie. These extensions will allow Pyramid to
Phillips of Largo Real Estate Advisors secures $7 million permanent first mortgage
December 10, 2024
Horseheads, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc. secured a $7 million permanent first mortgage to refinance the existing debt on a portfolio of flex buildings. The buildings are located off I-86, near Elmira Corning Regional Airport.
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