Commercial Real Estate Direct Staff Report Citi Real Estate Funding has provided $58 million of mortgage financing against the 88,365-square-foot mixed-use property at 600 Broadway in the SoHo section of Manhattan The interest-only loan, which has a...
New York developer Allstate Ventures has lined up a $1258 million bridge loan from Greystone and $195 million of preferred equity from Forum Investment Group against its recently completed Alary apartment building in New Rochelle, NY The financing...
Commercial Observer Bain Capital has provided a $213 million loan against the 513,000-square-foot office building at 1375 Broadway in Manhattan’s Garment District The property is owned by American Exchange Group, which took it over after its...
Wells Fargo Bank has provided a $2243 million loan against the 363-unit Italic apartment property at 26-32 Jackson Ave in the Long Island City section of Queens, NY JLL Capital Markets arranged the financing The property was developed last year by a...
Bisnow Truist Bank has provided a $64 million loan against the 163-unit apartment property at 1111 20th St NW in Washington, DC The property is owned by Willco of Potomac, Md, which will use the financing to retire a $56 million loan that MidCap...
The Real Deal The CMBS trusts that held the $12293 million loan against the 750 Lexington Ave office property in Midtown Manhattan have taken title to the property through a foreclosure held last week The two trusts are GS Mortgage Securities Corp,...
Crain’s Chicago Business Sterling Bay is offering for sale the 197,433-square-foot office property at 345 North Morgan St in Chicago The local developer has tapped JLL to market the property, which was developed in 2022 The 11-story building...
Värde Partners has provided $54 million of financing against Edmond Curtis Park, a 185-unit apartment property in Denver JLL Capital Markets arranged the three-year loan, which pays a floating coupon, on behalf of the property’s owner and...
Jacksonville Daily Record Quality Senior Housing Foundation Inc has bought Symphony at St Augustine, a vacant assisted-living facility in St Augustine, Fla, for $2217 million, or $229,595/bed The Atlanta nonprofit purchased the 74-bed property from...
South Florida Business Journal Avery Cypress LLC has lent $45 million for the construction of Avery Cypress Creek, a 200-unit apartment complex in Fort Lauderdale, Fla The Great Neck, NY, lender provided the financing to Meyers Group of Hallandale...
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