Category: Finance
Cohen of Leviathan Capital arranges $1.6 million construction loan
October 14, 2025
Queens, NY According to Leviathan Capital, Peter Cohen has closed a $1.6 million construction loan. The proceeds will be used to develop two industrial warehouses located in the Astoria neighborhood.
Yonkers IDA approves financial
incentives for $36.1 million senior housing
September 30, 2025
Yonkers, NY The Yonkers Industrial Development Agency (YIDA) voted final approval at its August 13 meeting of financial incentives for a $36.1 million affordable senior housing development located at 221-223 Buena Vista Ave. The nine-story building would feature 94 units comprised of
Cronheim Mortgage secures $10.3 million
for YoHo Lofts and Nepperhan Pl.
September 30, 2025
Yonkers, NY Cronheim Mortgage has secured $10.3 million to refinance a mixed-use portfolio. The transaction refinanced the existing debt on Nepperhan Pl., a mixed-use building with office and retail tenants as well as YoHo Lofts, a multi-story industrial loft building that has been converted
Avdoo secures $47 million construction loan
from Valley National Bank for 110 Boerum Pl.
September 30, 2025
Brooklyn, NY Avdoo closed on a $47 million construction loan for 110 Boerum Pl., the firm’s newest residential development in Cobble Hill. The financing, provided by Valley National Bank, represents a milestone as the project continues to progress on this
Merchants Capital secures $25.2 million for 384-unit mixed-use affordable artist housing development...
September 30, 2025
Manhattan, NY Merchants Capital secured $25.2 million in financing as part of the recapitalization and rehabilitation of Westbeth Artists Housing, a 384-unit historic, mixed-use affordable artist housing development. Westbeth Artists Housing is one of the oldest and largest affordable artist
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
$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
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