Finance

Riverbank
FinanceInvestment SalesNew YorkNewsNortheast

Barings Sells Manhattan High-Rise for $243.5 Million 

by Lynn Peisner

NEW YORK CITY — JLL Capital Markets has arranged the $243.5 million sale of Riverbank, a 44-story community at 560 West 43rd St. in Manhattan’s Midtown West submarket. JLL represented the seller, Barings, and procured the buyer, an unnamed institutional investor for whom JLL also arranged a $128.3 million acquisition loan. Originally developed in the late 1980s as a condominium project, Riverbank’s 418 units are comprised of 43 studios, 270 one-bedrooms, 62 two-bedrooms and 43 three-bedrooms. The property features a parking garage and about 18,000 square feet of retail that …

Continue Reading
0 FacebookTwitterLinkedinEmail
Lakeside-Central
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $32.4 Million Freddie Mac ReFi Loan for JV Owners of Tampa Asset

by Lynn Peisner

BRANDON, FLA. — Berkadia has arranged approximately $32.4 million on behalf of Robbins Property Associates and Hartford Investment Management Co. (HIMCO) to refinance Lakeside Central Apartments, a 228-unit garden-style community in the Tampa suburb of Brandon, Florida. Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler and Brad Williamson and Vice President Hugo Hernandez of Berkadia Miami and Boca Raton secured the five-year, fixed-rate Freddie Mac loan. Berkadia also financed the property’s acquisition in 2018 with a floating-rate, Freddie Mac loan. Buit in 1985 and located at 529 S. Parsons …

Continue Reading
0 FacebookTwitterLinkedinEmail
313-Bond-Rendering
DevelopmentFinanceNew YorkNewsNortheast

Sky Equity Group Secures $340 Million Loan to Complete Brooklyn Project

by Lynn Peisner

NEW YORK CITY — Affinius Capital has funded a $340 million loan for Sky Equity Group. The financing will be used to retire existing debt, complete construction and to pay expenses related to leasing 313 Bond in the Gowanus neighborhood of Brooklyn. The loan was arranged by Henry Bodek of Galaxy Capital. The 603-unit, two-building property, still under construction, also has 51,600 square feet of retail space. The developer broke ground in 2023. Full completion is expected before the end of this year. 313 Bond will offer 149 studios, 313 …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Saint-Grand
FinanceIllinoisMidwestNews

Canyon Street Partners Provides $106.3 Million to ReFi Chicago High-Rise

by Lynn Peisner

CHICAGO — Canyon Street Partners has funded a $106.3 million loan, arranged by JLL Capital Markets, for a joint venture led by Mavrek Development. Mavrek will use the loan to refinance existing debt on The Saint Grand, a 248-unit, 21-story mixed-use tower in Chicago’s Streeterville submarket. The joint venture partners broke ground on the asset in 2023 and opened it in 2024. In addition to the 248 apartments, The Saint Grand has a 103-space parking garage and about 47,000 square feet of retail space, currently leased to Club Studio Fitness, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ocean-Park-Apartments-Queens
Affordable HousingFinanceNew YorkNewsNortheast

Merchants Bank Provides $60 Million for Queens Affordable Housing Preservation, Redevelopment

by Lynn Peisner

NEW YORK CITY — Merchants Bank has provided a loan totaling approximately $60 million for Tredway, a Manhattan-based affordable housing investment and development firm, to renovate and to preserve affordability at Ocean Park Apartments in the Queens’ neighborhood of Far Rockaway. Merchants Capital arranged the financing. Tredway acquired the asset earlier this year, at which time the company entered into a new regulatory agreement with New York’s Department of Housing Preservation & Development to rent stabilize the property and set rent caps for tenants earning no more than 60 to …

Continue Reading
0 FacebookTwitterLinkedinEmail
Villas-de-la-Montana
ArizonaFinanceNewsWestern

GDL Secures $22.6 Million ReFi for Tucson Asset

by Lynn Peisner

TUCSON, ARIZ. — GDL Asset Management has secured a $22.6 million loan, arranged by JLL Capital Markets, to refinance existing debt on Villas de la Montana in Tucson. The 332-unit community was built in 1988 and features a mix of studios and one-, two- and three-bedroom floor plans. Since acquiring the asset in 2021, GDL has completed renovations across the property, including new cabinetry, plumbing fixtures, hardware, countertops and flooring in the units. The owner also has completed exterior upgrades to common and pool areas, landscaping, signage and parking lots. …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Victor-Dallas
FinanceNewsTexas

Northmarq Arranges $129.7 Fannie Mae Loan for Dallas Joint Venture

by Lynn Peisner

DALLAS  — Northmarq has arranged a $129.7 million Fannie Mae loan for Hines and Diversified Real Estate Capital. The joint venture investors will use the loan to pay existing debt on The Victor, a 344-unit high-rise that was completed in 2022 in the Victory Park neighborhood of Dallas. Northmarq’s Chicago debt and equity team, led by Kevin McCarthy, Jeff Frankel and Alex Czachor, arranged the fixed-rate loan.

Continue Reading
0 FacebookTwitterLinkedinEmail
Village_on_Spring_Mill
FinanceGeorgiaIndianaKentuckyMidwestNewsOhioSoutheast

Buckingham Cos. Lands $330 Million Loan for Seven-Property Portfolio

by Lynn Peisner

INDIANAPOLIS — Indianapolis-based investor Buckingham Cos. has received a $330 million loan to refinance seven properties in five states. The New York-based CBRE Debt & Structured Finance team of Shawn Rosenthal, Jason Gaccione, Tom Traynor, Tom Rugg, Jake Salkovitz, Henry Fenmore, Lauren Weinstein and Justin Helbling arranged the floating-rate loan funded by Goldman Sachs and Atlas SP Partners. Buckingham’s portfolio comprises 2,381 units. The firm began acquiring the properties, which were constructed between 1982 to 2021, seven years ago and has invested approximately $45 million in capital improvements since then, …

Continue Reading
0 FacebookTwitterLinkedinEmail
WynwoodHaus
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $56 Million Fannie Mae ReFi for Miami High-Rise

by Lynn Peisner

MIAMI — Berkadia has arranged a $56 million Fannie Mae loan on behalf of a joint venture partnership that is refinancing Wynwood Haus, a 224-unit, 20-story community developed in 2024 in Miami’s Wynwood neighborhood. The joint venture owners are LD&D, IGEQ, Black Salmon and Bridge Investment Group. The deal closed on July 21, at which time the property was 94 percent occupied. Wynwood Haus offers studios, one- and two bedroom-units and 6,824 square feet of ground-floor retail. One hundred of the apartments are designated as workforce housing for households earning …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Viridian-Boston
FinanceMassachusettsNewsNortheast

PGIM Funds $132 Million Loan for Abbey Group’s Viridian in Boston

by Lynn Peisner

BOSTON — PGIM Real Estate has provided a $132 million, floating-rate refinancing loan for The Abbey Group’s Viridian project in Boston. Amy Lousararian, managing director at JLL Capital Markets, arranged the financing. The Abbey Group opened the 342-unit, 20-story community in 2015. Apartments are offered as studios or in one-, two- and three-bedroom layouts as well as penthouse units. According to the property website, asking monthly rents for studios start at $3,015, and three-bedrooms start at $6,250. Amenities include a two-story atrium with 24-hour concierge service, two rooftop decks with …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.