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Category: Finance
Macerich refinances Kings Plaza in Brooklyn with $540 million loan
January 21, 2020
Brooklyn, NY The Macerich Company closed a $540 million loan on Kings Plaza. The new loan bears a fixed interest rate of 3.62% and matures
Progress Capital secures $130 million permanent mortgage
January 21, 2020
Manhattan, NY Brad Domenico of Progress Capital arranged a $130 million permanent mortgage loan for YYY 62nd Street LLC,
Merchants Capital provides $37m financing for three affordable housing developments
January 21, 2020
Queens, NY The Manhattan office of mortgage firm Merchants Capital secured $37 million in funding for three supportive housing
USRC originates $31 million construction financing for 200 suite hotel with 38,500 s/f indoor water ...
January 13, 2020
The Atlantic Northeast office of U.S. Realty Capital has originated a $31 million construction/mini-perm loan for a 200 suite hotel and indoor water park.
Fuld joins Eastern Union as VP of underwriting
November 19, 2019
Brooklyn, NY Eastern Union has hired Judah Fuld, Esq., to serve as VP of underwriting for Eastern Equity Advisors. An affiliate of Eastern Union,
GCP Capital Group arranges eight mortgages totaling $95.9 million
November 19, 2019
New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $95.9 million for the following eight New York City mortgage deals:
Community Preservation Corp. raises over $700 million in capital
November 19, 2019
New York, NY The Community Preservation Corp. (CPC) has over $700 million in capital available to lend and invest in affordable and workforce housing in N.Y. and the northeast U.S., as it continues to raise
Appel, Schwartz, Kurland, Schwartz and Diaz of AKS refinance $749 million
November 19, 2019
Manhattan, NY AKS Capital Partners has arranged a $749 million refinancing from Brookfield for Milstein Properties to support the redevelopment of 335 Madison Ave. The debt will be used to enhance the
JLL Capital Markets arranges $350m loan for class A property
November 19, 2019
Manhattan, NY JLL Capital Markets has arranged a $350 million loan to finance the leasehold position of 1407 Broadway, a 43-story, 1.1 million s/f office building. The group worked on behalf of Shorenstein Properties LLC
Shmuely of Berkadia secures $121 million refinancing of 917-unit multifamily property
November 19, 2019
Queens, NY Berkadia has secured $120.78 million in financing for 711 Seagirt, a 917-unit high rise multifamily property in Far Rockaway. Director Michael Shmuely of Berkadia’s New York office secured
Time Equities promotes Mitnick to senior vice president
November 19, 2019
New York, NY Time Equities Inc. (TEI) has promoted Craig Mitnick to the position of senior vice president of finance.
IPG closes $438m recapitalization of 830,000 s/f LIC property
November 19, 2019
Queens, NY Innovo Property Group (IPG), a real estate investment and operating company founded by Andrew Chung and backed by Nan Fung Group, has closed a $438 million recapitalization of
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