Category: Finance

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,

Queens, NY BHI, the U.S branch of Bank Hapoalim, B.M. has provided The Beechwood Organization with $10 million to finance the pre-development phase of The Lighthouse, a 109,000 s/f development site located on the northwest corner of Beach Front Rd. and Beach 67th St. in The Rockaways’ Arverne, area.

Manhattan, NY Bayport Funding launched its new Adjustable-Rate Fix & Flip Loan, designed to help investors stay ahead of a dynamic interest-rate environment. Introduced as a strategic solution to empower real estate investors during a shifting economy,

Nashville, TN The Becker Organization launched a new 1031 exchange and direct investment opportunity, Sixth & Division, a 1.74-acre site. The property, a fully operational

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