Charlotte, NC Cronheim Hotel Capital (CHC) has secured a $6.5 million CMBS loan for the refinance of the Country Inn & Suites Charlotte University Place. The five-year fixed-rate loan provided the sponsor with meaningful
Brunswick, NJ Arrow Real Estate Advisors, a leading real estate finance advisory firm, has arranged a $16.5 million bridge loan for a stabilized retail shopping center located at 352 Ryders Lane. The financing was secured on
Orlando, FL Ben Blanton of Largo Capital, Inc. arranged a $16.8 million permanent first mortgage to refinance the construction loan on a newly delivered 110-key hotel. Situated in a location near Orlando International
Farmington, NY Patrick Madore of Largo Capital, Inc. arranged a $2.7 million permanent first mortgage to refinance an existing loan on a 50-unit multi-family apartment complex located just outside of Rochester, NY. The property
Morristown, NJ G.S. Wilcox & Co. has arranged $110.5 million in permanent financing for a five building industrial portfolio located in Northern New Jersey. The loan was arranged by president & founder Gretchen Wilcox and principal Al Raymond through a correspondent life insurance
Jersey City, NJ JLL Capital Markets announced today that it has advised on the roughly $200 million structured capitalization and forward Freddie Mac commitment for Lions Group’s Homestead Gateway
Queens, NY Meridian Capital Group has arranged $70 million in financing for a 12-story, 500,000 s/f Class A office property located in Kew Gardens. The five-year, interest-only loan was provided by Citi Bank through a CMBS execution.
Brooklyn, NY Fried Frank advised Bungalow Projects, a real estate development firm focused on creating production hubs for episodic, film and digital content creation, and Bain Capital Real Estate, on the closing of $304 million in construction financing to support
Chatham, NJ Cronheim Hotel Capital (CHC) has sourced and closed on an initial $100 million warehouse line/back-leverage facility for a national hotel debt fund. The initial facility was structured with the capacity to grow to $500 million. Key terms
Manhattan, NY Arrow Real Estate Advisors closed an $8.3 million refinance loan on behalf of Albert Malekan for 35 East Bdwy., a 31,315 s/f office property located in Chinatown. The financing was provided by Axos Bank and arranged by Jacob Schmuckler, senior director, and Meir
Finally, the Federal Reserve is awakening to the calls from the White House to reduce interest rates. The Federal Reserve chairman, Jerome Powell, was hesitant to lower rates because of the fear of inflation. During 2022-23 inflation spiked substantially in all sectors after COVID when local,
Quogue, NY JLL capital markets has arranged a $47.8 million construction loan for Quogue Business Park, located at 8 Midhampton Ave. Quogue Business Park is a mixed-use project comprised of two shallow bay industrial buildings and a self-storage facility