Category: Outside The Region
SCALE Lending issues $75 million bridge loan for a multifamily development
August 27, 2024
Little Ferry, NJ SCALE Lending, the debt financing arm of Slate Property Group, has finalized a $75 million bridge loan for Capodagli Property Company, a family-owned New Jersey-based real estate development and management firm founded by George Capodagli
Hospeco Brands Group celebrates ISSA’s Summit Award from ASAE for End Period Poverty Campaign
August 27, 2024
Cleveland, OH According to Hospeco Brands Group, ISSA’s End Period Poverty campaign is being honored by the American Society of Association Executives (ASAE) with the highest honor for associations, the Power of Associations Summit Award. Fighting period poverty
Cronheim Hotel Capital secures $14.6 million for construction of TownePlace Suites
August 27, 2024
Lyndhurst, NJ Cronheim Hotel Capital (CHC) has secured $14.6 million for the construction of the 128-key TownePlace Suites. The loan was placed with a local bank.
Bayport Funding provides $5.2 million acquisition and construction loan for new multifamily property...
August 27, 2024
Fort Lee, NJ Bayport Funding, a direct private bridge lender for real estate developers, has closed a $5.2 million loan for the acquisition of a development plot and the construction of a new multifamily property on the site. The borrower is developing
Harrison joins NAI DiLeo-Bram & Co. as vice president
August 27, 2024
Woodbridge, NJ NAI DiLeo-Bram & Co. (NAIDB) has added to its brokerage team with the appointment of Jennifer Harrison to the role of vice president. An industry veteran with over 20 years of experience, Harrison will focus on retail leasing and sales as well as investment
Simi Capital Group acquires a $2.78 million industrial property
August 27, 2024
Charlotte, NC Simi Capital Group, a real estate investment firm focused on various equity and debt strategies, has acquired an industrial property for $2.78 million. This transaction adds to Simi Capital's expanding national portfolio, and marks entrance to a seventh state
BKM Capital Partners acquires 9-building industrial property for $17.4 million
August 27, 2024
Tempe, AZ BKM Capital Partners (BKM), a vertically integrated institutional fund manager, has completed the $17.4-million acquisition of Ash Business Center, an 89,728 s/f small-bay industrial facility. The deal represents BKM’s 100th acquisition since its inception a decade ago
KIPP DC relocates headquarters to Carr Properties’ Signal House
August 27, 2024
Washington, DC According to Carr Properties (“Carr”), an owner, operator, and developer of commercial office and residential properties, KIPP DC, a community of public schools, signed an approximately 16,000 s/f, long-term lease at Signal House, an office building located
TruAmerica acquires 300-unit multifamily property
August 27, 2024
Plano, TX TruAmerica Multifamily, a national, institutionally-focused multifamily investment firm, acquired Sheridan Park at Spring Creek Apartments, a 300-unit multifamily property. The transaction purchase price, comprised of $50.3 million, includes the building
Cronheim Mortgage secures $44.5 million for cash-out residential refinances
August 27, 2024
Bethlehem, PA Cronheim Mortgage has secured $44.5 million to refinance two garden-style residential complexes. The cash-out transaction offered an opportunity for the sponsor, Larken Associates, to harvest equity for other development projects
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