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TRANSACTIONS: GCP arranges $42M loan in Hempstead, Meridian secures $11.5M mortgage at West 25th

GCP Capital Group arranged mortgage financing in the aggregate amount of $61,400,000 for the following properties: $42,000,000 for a 14-building two-story garden apartment complex containing a total of 24.....»»

Category: realestateSource: realestateweeklyDec 19th, 2018

TRANSACTIONS: Meridian finances $9.5M Brooklyn multifamily, GCP arranges $20M loan in East Village

Eastern Union Funding announced the following transactions: A $24,320,000 first lien mortgage for the construction of a 210-unit multifamily on Challenger Blvd in Fort Myers, FL. This transaction was arranged by Abe Kolman an.....»»

Category: realestateSource: realestateweeklyJan 2nd, 2019

Meridian arranges Brooklyn multifamily construction loan

Meridian Capital Group arranged $11.3 million in financing for the construction of a multifamily devel.....»»

Category: realestateSource: realestateweeklyDec 5th, 2018

Kennedy funds Williamsburg apartment construction

Kennedy Funding Financial has closed a $2 million loan to LZBC Next Level Realty to fund the construction of an eight-unit, four-story walk-up building at 100 Scholes Street .....»»

Category: realestateSource: realestateweeklyApr 25th, 2018

Edison Properties converts its debt on Lower East Side apartment building

Commercial lending and advisory company Greystone has closed a $75,000,000 Fannie Mae loan .....»»

Category: realestateSource: realestateweeklyFeb 13th, 2019

MRC arranges medical mortgage

Madison Realty Capital (MRC) closed a $28 million first mortgage loan collateralized by a 191,676 s/f Class A medical office building loca.....»»

Category: realestateSource: realestateweeklyFeb 6th, 2019

TRANSACTIONS: GCP arranges $19M financing for Chelsea property; Meridian closes multifamily loans

GCP Capital Group arranged mortgage financing in the aggregate amount of $36,500,000 for the following properties: • $19,300,000 for a six-story multifamily apartment buil.....»»

Category: realestateSource: realestateweeklyJan 30th, 2019

TRANSACTIONS: GCP arranges $12M loan in the Bronx, Meridian tackles $26M Jersey loan

Eastern Union Funding announced the follow.....»»

Category: realestateSource: realestateweeklyJan 23rd, 2019

TRANSACTIONS: Arbor secures $156M in loans, Meridian arranges $10M on 81st Street

Select Commercial Funding announced the below closed transactions. All loan transactions were negotiated by Stephen A. Sobin, president and founder of Select Commercial. $2,757,798 loan for the acquisition of a 10.....»»

Category: realestateSource: realestateweeklyJan 16th, 2019

Construction to start on 17-story Five Points South apartment tower

The large building will bring nearly 200 residential units to the heart of the historic neighborhood near the University of Alabama at Birmingham......»»

Category: topSource: bizjournalsJan 8th, 2019

Bank OZK loans $81M to build Wynwood office building

The developers of 545wyn, the largest new office building in Miami’s Wynwood neighborhood, obtained a $81 million construction loan. Arkansas-based Bank OZK (NASDAQ: OZK) awarded the mortgage to 545 WYN LLC, a partnership between Chicago-based Ste.....»»

Category: topSource: bizjournalsDec 31st, 2018

Developer "stunned" by $165M tower"s cracked walls that forced evacuations

The developer of a new Sydney high-rise apartment building says he's 'stunned' by structural defects which left many residents homeless and insists any blame must placed on the construction company that built the luxury tower......»»

Category: topSource: moneycentralDec 26th, 2018

U.S. Housing Starts Grew in November

U.S. housing starts rose in November, reflecting a large climb in apartment building that masked weakness in single-family home construction......»»

Category: smallbizSource: wsjDec 19th, 2018

Transactions: Meridian places $4.7M loan, HFF arranges $10M mortgage

Meridian Capital announced the following transactions: A new mortgage of $4,725,000 was placed on a multifamily property totaling 20 units located on East 74th Street i.....»»

Category: realestateSource: realestateweeklyNov 14th, 2018

Square Mile antes up $149M loan for luxury Chicago apartment building

Square Mile Capital Management LLC announced that it has originated a $149 million loan secured by The Gallery on Wells, a 40-story 442-unit multifamily building located in the River North submarket of Chicago, IL. Magellan De.....»»

Category: realestateSource: realestateweeklyNov 14th, 2018

Construction starts on new 11-story LoDo apartment building

The Lower Downtown site was previously a surface parking lot, which sold for $20.75 million earlier this year......»»

Category: topSource: bizjournalsNov 14th, 2018

JLL arranges $141M loan for Vanbarton’s 15 Laight repositioning

JLL Capital Markets team arranged a $141 million loan to finance the transformation of 15 Laight Street into a boutique office building. The group w.....»»

Category: realestateSource: realestateweeklyNov 7th, 2018

Eight-story apartment building breaks ground in Miami-Dade with $24M loan

The apartment complex will replace an office building......»»

Category: topSource: bizjournalsOct 29th, 2018

Developer plans 2020 construction start for Bay View apartments

Construction could start in spring 2020 on a new apartment building to replace the former American Legion Hall in Milwaukee’s Bay View neighborhood, according to project developer Scott Genke. Genke bought the property from the Bay View America.....»»

Category: topSource: bizjournalsOct 22nd, 2018

U.S. Housing Starts Fell in September

U.S. housing starts declined in September, as single-family-home and apartment-building construction dropped from August......»»

Category: smallbizSource: wsjOct 17th, 2018