East Brunswick, NJ Arrow Real Estate Advisors has arranged a $16.5 million bridge loan for a stabilized retail shopping center located at 352 Ryders Ln. The financing was secured on behalf of Shushana Co. through
Brooklyn, NY Affinius Capital LLC (Affinius Capital) has originated a $200 million construction loan to finance the development of 200 Douglass, a Class A multifamily property. Located in the Gowanus
Jersey City, NJ Affinius Capital and Kennedy Wilson closed on the financing for the ground-up development of Harborside 8, a multifamily project located on the waterfront. The capitalization includes $78
Holtsville, NY A fourth-generation family-owned, custom metal-fabricating business will expand in Holtsville after the Town of Brookhaven Industrial Development Agency (IDA) closed on a package of economic
North Bellmore, NY Fred Parola, CEO of the Town of Hempstead Industrial Development Agency (IDA) said the agency granted final approval to a package of economic development incentives that will assist a developer in constructing apartments for 55 and older renters on the site of a former synagogue.
Middletown, NY Cronheim Hotel Capital (CHC) has secured an $18 million permanent loan for the Residence Inn Middletown Goshen. The five-year fixed-rate loan is interest only for the full term. The hotel opened in 2020 and is located near numerous corporate demand drivers.
East Amherst, NY Jack Phillips of Largo Real Estate Advisors, Inc. arranged a $10.975 million permanent first mortgage to finance the acquisition of a 34,094 s/f single-tenant medical office building.
Mamaroneck, NY The Village of Mamaroneck (the Village) has implemented several economic initiatives the Village intends to pursue as part of its commitment to attracting private investment, reimagining Mamaroneck Ave., addressing the core community issue of chronic
Manhattan, NY Time Equities Inc. (TEI) has launched TEI Diversified Income & Opportunity Fund VII, LLC (Fund VII), a private real estate investment fund designed to provide accredited investors with access to a diversified
Manhattan, NY Global Holdings has completed the $190 million refinancing of Anagram Columbus Circle, the firm’s luxury residential tower located at 1 West 60th St., near Central Park and Billionaire’s Row. J.P. Morgan served as the agent and provided the loan along with Sumitomo Mitsui Trust Bank. The loan was structured as a first-mortgage refinancing.
Brooklyn, NY Arrow Real Estate Advisors has arranged a $220 million permanent refinance on behalf of The Loketch Group, Joyland Group, and Meral Property Group for two newly developed, adjacent multifamily properties, Lorimer House and Copper Lofts, located at the corner of Lorimer St. and Bdwy.
Albany, NY Pyramid Management Group, one of the largest shopping center developers in the Northeast, has secured a new five-year, $193 million CMBS loan package on Crossgates Mall. This new loan will allow Pyramid