Weingart of Potomac completes $38.2m loan for 942-unit portfolio

Potomac Realty Capital, LLC structured and funded a $38.2 million loan for a 942-unit multifamily portfolio. The loan was structured as a $33.5 million first mortgage note and a $4.7 million mezzanine loan. The properties in the portfolio were built in 1985 and total 765,548 s/f. The borrower is a special purpose entity composed of a full service real estate firm and a joint venture between six individual investors. The loan was originated by Potomac's Jeffrey Weingart, VP, capital markets.

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Investment Property Realty Group closes $2.175 million sale of 247 Leonard St.

Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 247 Leonard St., a multi-family building located in the Williamsburg section of the city, for $2.175

GFP Real Estate continues leasing momentum at 322 Eighth Ave. with 9,952 s/f of transactions

GFP continues leasing momentum at 322 Eighth Ave.

Zimmet Law Group signs 5,476 s/f lease at GFP Real Estate’s 515 Madison Ave.

Zimmet Law signs 5,476 s/f lease at GFP’s 515 Madison Ave.

1122 Madison Avenue inks $21.175 million contract

Rudin secures 55,335 s/f lease with JAMS at the top of 3 Times Square

Rudin secures lease with JAMS at the top of 3 Times Square

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IZO Capital closes $25.6 million construction loan for The Flats at Alpine Junction, expanding workforce housing near Jackson Hole

Columns and Thought Leadership

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