Category: Finance
M&T Realty Capital provides $18 million loan for
DMG Investment's 154-unit Air Buffalo apartment...
March 26, 2024
Amherst, NY M&T Realty Capital Corp. negotiated the closing of a $18 million Freddie Mac conventional loan for Air Buffalo, a 154-unit multifamily housing property. The team navigated challenging market conditions to secure favorable permanent financing terms for their
Perlman of Largo R.E. Advisors arranges $26 million financing
January 30, 2024
Ithaca, NY Ned Perlman of Largo Real Estate Advisors, Inc. secured $26 million construction/permanent financing via one of Largo’s established regional banking relationships for a 77-unit (109-bed) housing development. The project is near Cornell University, in an established student housing
Rhine Legacy finances $6.8875 million bridge loan for industrial asset
August 15, 2023
Newburgh, NY Rhine Legacy Capital secured a bridge loan of $6,887,500 for the acquisition of a prominent industrial asset at 392 North Montgomery St.
Axiom Capital structures and arranges $25.35 million loan for 76,393 s/f medical office in Utica
April 11, 2023
Utica, NY Axiom Capital Corp. has structured and arranged a $25,356,396 (10-year, 2 years I/0) construction to permanent loan for a class A, multi-tenant medical office building. The project entails the construction of a 3-story, 76,393 rentable s/f building situated on 1.46 acres
Ranieri of Northmarq arranges $5m refi of two multifamily properties
September 13, 2022
Vestal, NY Robert Ranieri, senior vice president/managing director of Northmarq’s White Plains debt/equity office, negotiated the $5 million refinance for two three-story properties (built in 1980-1985) that contain a
Coscia of Largo facilitates $8.7 million hotel refinance in Cooperstown
June 28, 2022
Cooperstown, NY Kevin Coscia, managing director at the Largo Group of Companies, secured an $8.7 million non-recourse, interest only loan for the
Axiom Capital Corp. arranges $17.46 million refinance loan for 178-unit property in Saratoga Springs...
September 7, 2021
Saratoga Springs, NY Axiom Capital Corp. has structured and arranged a $17,460,000 permanent loan for the refinance of a class A independent living apartment community.
Lithium-ion Gigafactory secures significant funds for Endicott facility
May 4, 2021
Endicott, NY According to Imperium3 New York Inc. (iM3NY), Riverstone Credit Partners, L.P. (Riverstone Credit Partners), Riverstone Holdings LLC (Riverstone), and Magnis Energy Technologies (Magnis) have completed
CPC and REI REI LLC close $1.5m financing for Liberty St. Lofts
February 2, 2021
Penn Yan, NY The Community Preservation Corp. (CPC) and REI REI LLC, whose principals are Cindy and Vincent Rosato, closed $1.5 million in construction and permanent financing to rehabilitate Liberty Street Lofts into an
Marcus & Millichap brokers and finances Saratoga Springs hotel sale: 73-room Best Western trades for...
October 1, 2020
Saratoga Springs, NY Marcus & Millichap has completed the sale of a 73-room hotel, the Best Western Saratoga Springs, at 3291 S. Broadway, according to John Krueger. The property sold for $5.6 million. The deal was brokered on both sides by Jerry Swon, Daniel Zagoria, and Cameron Pierce,
Sleepy Hollow Holdings pays off $8.75m bridge loan from Procida Funding, obtains conventional fundin...
July 21, 2020
Sleepy Hollow, NY Procida Funding provided an $8.75 million loan to Sleepy Hollow Holdings, LLC in February 2019 for the acquisition of and capital expenditures on a 70-unit mixed-use multifamily portfolio.
Retail investors seek real estate investments online - by Janine Yorio
July 7, 2020
In 2012, the JOBS Act created an exemption under the federal securities laws that lowered the barriers to invest in private companies, enabling the so-called “crowdfunding” industry to facilitate the sale of
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