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Rates & lending news – page 41
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Related, Oxford Score $1.4B Refi for 10 Hudson Yards10 Hudson Yards, the Far West Side office tower home to L’Oreal USA, has secured a roughly $1.4-billion refinancing, Bloomberg News reported.
PNC Bank Refis West Village Apartment Building With $404M LoanAffiliates of Rockrose Development have sealed $404 million of agency debt to refinance a landmarked luxury apartment building in Manhattan’s West Village neighborhood, Commercial Observer has learned.
Stout Street Hospitality Receives Refinancing for Magnolia Hotel DenverDENVER — Stout Street Hospitality has closed on refinancing for Magnolia Hotel Denver, a Tribute Portfolio Hotel by Marriott, in downtown Denver’s central business district.
Representative imageCronheim Arranges $17.6M Loan for Refinancing of Downtown Philadelphia HotelPHILADELPHIA — The hotel affiliate of New Jersey-based financial intermediary Cronheim Mortgage has arranged a $17.6 million loan for the refinancing of the Fairfield Inn & Suites Center City Philadelphia hotel in the city’s downtown area. The number of rooms was not disclosed.
Thorofare Provides $46M Senior Mortgage for Tulare WarehouseThorofare Capital, a national commercial real estate debt manager and affiliate of Callodine Group, provided a $46,000,000 floating-rate, interest-only senior mortgage loan to refinance and fund the lease-up of 99 Central Logistics Center, a 554,077-square-foot Class A…
Dwight Mortgage Trust Lends $55M on Rockland County Multifamily DevelopmentSky Equity Group has landed $55 million of construction financing to develop a mixed-use multifamily project in New York’s Rockland County, Commercial Observer has learned, Dwight Mortgage Trust closed the loan in a deal originated by Katie Goldenberg for the developer’s…
Dwight Capital Finances $114M Multifamily HUD Loan in WisconsinDwight Capital has closed a $114 million HUD 221(d)(4) substantial rehabilitation loan for the conversion of 100 East Wisconsin, an existing 34-story office building, into a 373-unit luxury apartment community.
Representative imageNuveen Green, Lone Star PACE Provide $8M C-PACE Loan for West Houston Retail ProjectHOUSTON — Nuveen Green Capital and Lone Star PACE have provided an $8 million C-PACE (Commercial Property Assessed Clean Energy) loan for Ashford Yard, an 83,000-square-foot retail project in West Houston.
Walker & Dunlop Structures $101.6M HUD-Insured Loan for Refinancing of Apartment Property in Chula VistaCHULA VISTA, CALIF. — Walker & Dunlop has arranged a $101.6 million HUD 223(f) loan to refinance Enclave Heritage Flats, an apartment community in Chula Vista. Enclave Heritage Flats features 312 one-, two- and three-bedroom apartments.
PSRS Arranges $27M Refinancing Loan for Retail Center in Encino, CaliforniaENCINO, CALIF. — PSRS has arranged a $27 million loan for the refinancing of a shopping center in Encino.
Gantry Secures $16M Refinancing for Kirkland Business Center in WashingtonKIRKLAND, WASH. — Gantry has secured a $16 million permanent loan for the refinancing of Kirkland Business Center, located at 11860 N.E. 112th St. in Kirkland, a suburb east of Seattle.
HUD Section 223(f) Loan Refinances Chula Vista MultifamilyWalker & Dunlop, Inc. arranged a $101,561,900 loan to refinance Enclave Heritage Flats, a 312-unit multifamily community in Chula Vista.
East Lyme Apartment Complexes Land $116M Freddie Mac FinancingNewmark arranged $115.6 million in financing to refinance The Cove at Gateway Commons and Sound at Gateway Commons, both located in East Lyme, CT. Newmark Capital Markets Strategies Managing Director Avi Kozlowski secured the financing through Freddie Mac.
Bridge City Capital Provides $21M Loan for Greenpoint Dev SiteDeveloper Yossel Lichtman of Rogers Builders & Development has secured a $21 million acquisition and construction loan to finance his recent purchase of a parking lot in Greenpoint, Brooklyn, Commercial Observer has learned.
Slatt Capital Arranges Acquisition Financing for Rohnert Park Hospitality AssetsSlatt Capital arranged $12,060,000 in acquisition financing for a two-property, 200-unit hospitality portfolio in Rohnert Park. The portfolio includes the Budget Inn and the Rodeway Inn, both established hospitality assets built in 1984.
Northmarq Arranges Refi for 199-Unit Corpus Christi Rental CommunityNorthmarq’s Debt + Equity team, led by Cheryl Higley and Ryan Shoars, arranged the refinancing of Wood River Apartments, a 199-unit multifamily community located in Corpus Christi.
Rialto Capital Refis Philly Industrial Property With $119M LoanA joint venture between Elion Partners and Kadima Industrial Partners has sealed a $118.5 million loan to refinance a newly built logistics asset in Philadelphia, Commercial Observer has learned.
IPA Arranges $29M in Construction Financing for Northwest Houston Industrial ProjectTHE WOODLANDS, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged $29 million in construction financing for an industrial project in northwest Houston.
Acre Supplies $351M Refi for Four-State Multifamily PortfolioA joint venture involving affiliates of Harbor Group International (HGI), the Garrett Companies and Telis Group has landed a $351 million loan facility to refinance eight newly completed suburban multifamily assets in four states, Commercial Observer Acre provided the loan for…
Mesa West Provides $44M Refi for West Virginia Industrial ParkA joint venture between Hines and MetLife Investment Management has secured $43.8 million to refinance a pair of Class A industrial buildings that span 730,800 square feet in Martinsburg, W.Va., Commercial Observer can first report.