Private Lender – $20 Million Refinancing
Represented a private lender on a $20 million refinancing secured by a newly-constructed self-storage facility located in Staten Island, New York.
Matters
Centennial Bank – $54.8 Million Loan for Astoria Development
Represented Centennial Bank in a $54.8 million loan for the construction and development of 186 multifamily units, retail and industrial components, as well as 131 parking spaces at the property in Astoria, NY.
Centennial Bank – $23 Million Construction Loan
Represented Centennial Bank in a $23 million construction loan to an affiliate of the Meridian Group secured by property located in Fairfax, Virginia.
CIT Bank – $35.7 Million Construction Loan – Brooklyn, NY
Represented CIT Bank in a $35.7 million construction loan for the development of a property located at 230 Classon Avenue in Brooklyn, New York, which will consist of a 17-story building with residential units and an affordable component.
Greystar – Acquisition of 800 Sixth Avenue
Represented Greystar in connection with the $237.5 million acquisition of a multi-family residential apartment building, 800 Sixth Avenue in Manhattan. This complex deal also entailed assignments of existing mortgages, a 421-a component, New York State Housing Finance Agency assignment approval and bond redemption.
Citibank – $600 Million Financing to Durst Affiliates
Represented Citibank, as agent, in a $600 million term loan to certain affiliates of the Durst Organization secured by a blanket mortgage on six office buildings located in Manhattan. The term loan refinanced approximately $300 million of existing mortgage debt on three of the properties (including approximately $120 million outstanding to Citibank). The bank group also financed a $400 million revolving credit facility to the Durst Organization. The revolving credit facility is secured by pledges of economic and equity interests in the six mortgage borrowers and in two additional Durst affiliates, which affiliates own other office properties in Manhattan.
L+M Development Partners – 25 Park Row Construction Financing
Represented L+M Development Partners in a $350+ million financing transaction for the construction and development of a 45-story mixed-use condominium building at 25 Park Row in lower Manhattan. The site is the former headquarters of J&R Music World.
G4 Capital Partners – $71 Million Construction Loan in Brooklyn, NY
Represented an affiliate of G4 Capital Partners LLC in connection with a $71-million construction loan to be used for the construction of a mixed use building with more than 165,000-sq.-ft. of residential space, a community facility and parking spaces for a development at 2300 Cropsey Avenue, Brooklyn, NY.
Centennial Bank – $51 Million Construction Loan for Bronx Mixed Use Condo
Represented Centennial Bank in a $51 million construction loan for the construction of a mixed use building intended to be converted into a condominium, providing for a charter school and community organization located in the Bronx, NY.
Centennial Bank – Loan to Extell Development for Deer Valley Ski Resort
Represented Centennial Bank an upsize of an existing loan to Extell Development Company for a total aggregate loan amount of $43.6 million for certain pre-development costs incurred by Extell in developing its 2,500+ acre Deer Valley, Utah property as a hotel/condominium/ski resort.
Centennial Bank – Construction Loan – Denver, Colorado
Represented Centennial Bank in a $62 million construction loan to be used for the development of approximately 141,500-sq.-ft. in retail space, 59,700-sq.-ft. in commercial space and a 716-space above-ground parking structure located in Denver, Colorado.
Centennial Bank – $75 Million Multi-Property Mortgage Loan
Represented Centennial Bank in a $75 million financing secured by mortgages on eight properties in Brooklyn and Queens.
Centennial Bank – $57 Million Mortgage Loan
Represented Centennial Bank in a $57 million mortgage loan for the Weyerhaeuser headquarters in Federal Way, Washington.
Centennial Bank – $54 Million Manhattan Construction Loan
Represented Centennial Bank in a $54 million construction loan to 31st Street ZEF LLC. The loan was secured by a 40-story, 42 unit condominium tower located at 30 East 31st Street.
Centennial Bank – $52 Million Brooklyn Construction Loan
Represented Centennial Bank in connection with a $52 million construction loan for the development of a 195,000+ sq.-ft. mixed use commercial building at 345-367 Flushing Avenue in Brooklyn, New York.
Harel Insurance – Acquisition in Nashville, Tennessee
Represented Harel Insurance Company in the acquisition of a fifty-percent interest in an $82 million construction facility for the ground up construction of a 420-unit rental property in Nashville, Tennessee.
Essex Capital – Refinancing
Represented Essex Capital in a take-out refinancing from Investors Bank secured by a newly constructed multifamily apartment building in Ridgewood, New York.
Essex Capital – Loan Secured by Ground Lease Interest
Represented Essex Capital in an $18.5 million loan made by The Union Labor Life Insurance Company. The loan is secured by a mortgage on borrower’s ground lease interest in a residential building located in Brooklyn.
Schron Family – $92 Million Acquisition of 1501 Lexington Avenue
Represented the Schron family in the $92 million acquisition of a multifamily building located at 1501 Lexington Avenue.
G4 Capital Partners – Construction Loan – Williamsburg, Brooklyn
Represented an affiliate of G4 Capital Partners LLC in connection with a construction loan to be used for the development of two mixed use buildings in Williamsburg, Brooklyn.
G4 Capital Partners – Bridge Loan – Manhattan, NYC
Represented an affiliate of G4 Capital Partners LLC in connection with a bridge loan with an option for a future construction loan secured by property located at 120-124 Lexington Avenue in Manhattan.
G4 Capital Partners – $45 Million Brooklyn Construction Loan
Represented G4 Capital Partners LLC in connection with a $45 million construction loan for the development of a mixed use building and a townhouse located at 182-190 North 6th Street in Brooklyn, New York.
G4 Capital Partners – $41 Million Brooklyn Condo Development Financing
Represented G4 Capital Partners in a $41 million financing for JDS Development Group’s condominium development at 613 Baltic Street in Park Slope, Brooklyn.
G4 Capital Partners – $20.5 Million Greenpoint, Brooklyn Condo Development
Represented G4 Capital Partners in a $20.5 million financing for an Oren Evenhar condominium development at 50 Greenpoint Ave in Greenpoint, Brooklyn.
G4 Capital Partners – $21.5 Million Brooklyn Office Building Refinancing
Represented G4 Capital Partners in a $21.5 million refinancing for an office building at 540 Atlantic Avenue in Brooklyn.
G4 Capital Finance – $17.7 Million Manhattan Construction Loan
Represented an affiliate of G4 Capital Partners LLC in connection with a $17.7 million construction loan to be used for the development of a residential building at 327 East 22nd Street, in Manhattan.
U.S. Banking Institution – Sale of 77-Property, 15-State Real Estate Portfolio
Represented one of the largest U.S. banking institutions in the sale of a 77-property, 15-state real estate portfolio to a global investment management firm. The transaction also involved the leaseback of 22 properties.