March 21 - April 3, 2017

Digital Edition

Financial Digest

Manhattan, NY Eastern Consolidated’s capital advisory division has arranged a seven-year $24.5 million refinancing loan for High Line 537, a rental building at 537 West 27th St. between 10th and 11th Aves. in West Chelsea, less than a block from the High Line. Eastern Consolidated’s Jonathan Aghravi, managing director, and Charles Han, associate director, handled…Read More

Manhattan, NY Meridian Capital Group arranged $30.4 million in agency financing on behalf of ABJ Properties, Inc. to refinance two multifamily portfolios, consisting of three properties in Harlem and 12 properties in Morningside Heights. The five-year Freddie Mac Small Balance Loans, provided by Capital One Multifamily Finance, feature competitive fixed rates of 3.2% and two…Read More

Manhattan, NY Lendlease and Victor Group secured a $269 million construction loan for the 281 Fifth Ave. development, which is located on the corner of East 30th St. and Fifth Ave. The lender is a consortium of three Singaporean based banks led by United Overseas Bank Limited, together with Oversea-Chinese Banking Corporation Limited and DBS…Read More

Brooklyn, NY According to Gregg Winter, founder and managing partner of  W Financial, his firm has provided an $11.5 million first mortgage loan secured by a two-story, 30,000 s/f commercial building located on Ave. J, between East 13th and 14th Sts. in the Midwood neighborhood. The sellers were two 50% tenancy-in-common owners that needed to close…Read More

Ridgewood, NY “In the U.S., the average household has over $9,000 in credit card debt,” said Leonard Stekol, Ridgewood Savings Bank’s president and COO. Ridgewood works to promote good financial habits in children through its school banking initiative. Since the beginning of the program, students have been able to open their own passbook savings account…Read More

Queens, NY Titan Capital ID, LLC was approached by experienced New York hotel developers in order to refinance their existing debt and to provide additional capital for the completion of their latest project on Archer Ave. in the Jamaica section. The developers had previously received approved plans for a new six-story, 103-room hotel, which will…Read More

New York, NY GCP Capital Group LLC, one of the nation’s most active companies specializing in commercial real estate finance, has arranged mortgage financing in the amount of $121.1 million for the following 14  properties: • $18 million for a six-story, mixed-use building containing 75 apartments and 16 commercial units, located on Grand Concourse in…Read More

New York, NY Rockwood Capital, LLC, a private real estate investment firm, has hired Charlie Leonard as a director of the firm. Leonard is based in the firm’s New York office, and his duties include responsibility for East Coast acquisitions and asset management of various product types, including residential, office, retail and hotel assets.  He reports…Read More

Manhattan, NY The Singer & Bassuk Organization (SBO) has  represented The William Kaufman Organization and a subsidiary of Travelers Insurance Co., in arranging a $65 million leasehold mortgage loan in Midtown East for 747 Third Ave. The loan was provided by AXA Equitable Life Insurance Company, with underwriting and closing services provided by Quadrant Real…Read More

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