Category: Outside The Region
Cronheim secures $17.6 million pre-stabilized permanent financing for 92 units in FL
April 25, 2023
Cronheim Mortgage has secured permanent financing for two newly-developed luxury multifamily communities in Florida: Aviara Green and the Aviara Lake Worth. Andrew Stewart, Allison Villamagna, and Dev Morris secured the financing on behalf of subsidiaries of MAG Real Estate & Development, a full-service development
JLL arranges $290 million refinancing for Whole Foods- and Target-anchored retail center
April 25, 2023
Paramus, NJ JLL’s Capital Markets has arranged $290 million in refinancing for Bergen Town Center, a one-million s/f shopping center anchored by Whole Foods and Target. JLL exclusively represented the borrower, Urban Edge Properties, to secure the loan through New York Life
Faropoint acquires two last mile industrial buildings totaling 113,979 s/f for $28.3 million
April 25, 2023
Hoboken, NJ Faropoint, a leading real estate investment firm focused on last-mile industrial properties in high population growth markets, has completed the acquisition of two Class B industrial properties totaling 113,979 s/f for $28.3 million. The buildings are located in the Ridgefield submarket in the Meadowlands, and are occupied by Biazzo
Feintuch of Refined arranged $3.9+ million closing for the acquisition of an owner-occupied office b...
April 25, 2023
Fort Lauderdale, FL Refined is pleased to announce Alec Feintuch recently arranged the successful closing of a $3.9792 million commercial mortgage for the acquisition of an owner-occupied office building. The mortgage was secured at an interest rate in the 6% range with a 25-year amortization
Axiom arranges $3 million refinance of Missouri retail building
April 25, 2023
Farmington, MO Axiom Capital Corp. has structured and arranged a $3 million permanent loan (5 year, fixed rate, non-recourse) for the refinance of a freestanding retail building. The property was built in 2016 and contains a 51,373 s/f single tenant building with 162 surface parking spaces situated on 3.90
Cronheim secures long-term financing for Florida office & retail properties
April 25, 2023
Cronheim Mortgage has secured permanent financing for two Florida properties, the Parkway Professional Building, a 42k+ SF office property, and the Tri City Center, a 90k+ SF retail property. Andrew Stewart, Dev Morris, and Allison Villamagna placed the financing with StanCorp Mortgage Investors
The M&T Charitable Foundation announce $3.8 million in grants
April 25, 2023
The M&T Charitable Foundation, the philanthropic arm of M&T Bank, announced Amplify Fund grant recipients for New York City and nearby regions, totaling $3.8 million committed to 31 non-profit organizations focused on community organizing, environmental, and financial empowerment initiatives
IIBEC announces first class of CBECxP certifications
April 25, 2023
Dallas, TX The International Institute of Building Enclosure Consultants (IIBEC) announced its first class of CBECxP certification holders. The group of 15 individuals who had earlier applied for IIBEC’s new credential
Cronheim arranges $12 million for 180-unit garden style apartment community in Morristown, NJ
April 25, 2023
Morristown, NJ Cronheim Mortgage has secured $12 million in permanent financing for Lindsley Arms Apartments, a 180-unit garden-style apartment community. Andrew Stewart, Dev Morris,
Colligan of Largo Capital arranges $15 million loan to refinance multifamily property
April 25, 2023
Norristown, PA Neal Colligan, Principal at Largo Capital, arranged a $15 million loan to refinance a 328-unit multifamily property.
Axiom Capital funds specialty grocer in Lewisville, TX
April 25, 2023
Lewisville, TX Axiom Capital Corp. has structured and arranged a $6,392,000 permanent loan (2 year with 1 year extension option, fixed rate) for the acquisition of a single tenant specialty grocer
Lionheart Strategic Management, Citigroup and Bank of Montreal provide $375 million in funding for a...
April 11, 2023
Jersey City, NJ Lionheart Strategic Management LLC (Lionheart), an affiliate of Fisher Brothers that manages capital on behalf of third-party investors, has provided $150 million in financing on behalf of an institutional investor to 601W Companies for its acquisition, renovation, and lease-up, of
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