Berkadia, Ambler, Pa., secured a $31.5 million bridge loan for sponsor Midtown Capital to complete The Astoria, a 149-unit apartment community in Salt Lake City, Utah.
Tag: Dealmaker
Dealmaker: Bayview PACE Provides $137M C-PACE Financing for Westin Resort
Bayview PACE, a division of Silver Hill Funding, LLC, provided $137 million in C-PACE funding for the development of the 502-key, $420 million Westin Cocoa Beach Resort & Spa in Cocoa Beach, Fla.
Dealmaker: Access Point Financial Participates in $75M Mezzanine Financing
Access Point Financial, Atlanta, participated in providing $75 million in mezzanine financing for the 30-story Pendry Hotel & Residences in Nashville, Tenn.
Dealmaker: Merchants Capital Secures $120M for N.J. Development
Merchants Capital, Carmel, Ind., announced $120 million in financing for the construction of a housing and retail development in downtown Newark, N.J.
Dealmaker: Walker & Dunlop Advises on $420M Brooklyn Recapitalization
Walker & Dunlop, Bethesda, Md., arranged the $420 million recapitalization of Hub, a 750-unit high-rise multifamily building in downtown Brooklyn, N.Y.
Dealmaker: Newmark Arranges $275M to Refinance N.Y. Luxury Residential Property
Newmark, New York, arranged a $275 million loan to refinance a multifamily asset in New York City.
Dealmaker: JLL Arranges $1.1B for 3 Bryant Park in Midtown Manhattan
JLL’s Capital Markets group arranged a $1.125 billion refinancing for 3 Bryant Park, a 1.2 million-square-foot office tower in Midtown Manhattan’s Bryant Park market.
Dealmaker: Eastern Union Arranges $11M Loan to Refinance New Jersey Property
Eastern Union, New York, arranged a $10.965 million loan to refinance construction of a mixed-use property in Newark, N.J. The property is an adaptive reuse of an office building.
Dealmaker: Greystone Provides $20.8M in Pennsylvania Multifamily Transaction
Greystone, New York, provided a $20.8 million Fannie Mae Delegated Underwriting & Servicing loan to refinance a 206-unit multifamily property in Allentown, Pa.
Dealmaker: Berkadia Arranges $126M Sale, $94M Financing in Sacramento
Berkadia, Ambler, Pa., arranged the $126 million sale of The Strand, a new 408-unit, garden-style apartment community in West Sacramento, Calif.