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HNA unit CWT International defaults on $179 million loan, faces asset seizure

CWT International Ltd, a unit of indebted HNA Group Co Ltd, on Tuesday said it defaulted on a HK$1.4 billion ($179 million) loan, and that it has less than 24 hours to pay funds due or lose assets pledged as collateral......»»

Category: topSource: reutersApr 16th, 2019

CWT International defaults on $179 million loan, parent HNA sees no impact on business

CWT International Ltd, a unit of China's indebted HNA Group Co Ltd, said on Tuesday it defaulted on a HK$1.4 billion ($179 million) loan, and that it has less than 24 hours to pay funds due or lose assets pledged as collateral......»»

Category: topSource: reutersApr 17th, 2019

JBA arranges $38M in financing for 80-unit Greenpoint building

Jonathan Aghravi of JBA Equities announced that his team has secured a $38 million loan for ground-up construction at 30 Kent Street, an 80-uni.....»»

Category: realestateSource: realestateweeklyJul 3rd, 2019

CPC filling gap in market for loans that work for small building owners

CPC Mortgage Company LLC, a subsidiary of The Community Preservation Corporation (CPC), closed a $2.44 million Freddie Mac Optigo Small Balance Loan (SBL) to refinance the Houk Lofts, a 22-unit multifamil.....»»

Category: realestateSource: realestateweeklyJun 12th, 2019

HAP bags $107M for new condo

Cole Schotz advised G4 Capital Partners on a $94 million loan to HAP Investments for construction of a 41-unit condominium in Tribeca. The complex will be located at 65 Franklin St., which is cur.....»»

Category: realestateSource: realestateweeklyJun 6th, 2019

Juniper closes on three-year bridge loan for 300-unit apartment complex

Juniper Capital, a NYC financial advisory firm, closed a $14 million loan from Arbor Realty Trust for Orchard Estates, a 300-unit multifamily, garden style apartment complex in Syracuse, New York. Juniper Capital Group secu.....»»

Category: realestateSource: realestateweeklyMay 7th, 2019

Meridian brokers $100M Broad St. refinance

Meridian Capital Group arranged $100 million in financing to refinance 90 Broad Street, an office building in New York, on behalf of Princeton International Properties. The loan, provided by a balance sheet lender.....»»

Category: realestateSource: realestateweeklyApr 17th, 2019

Meridian brokers $100M Broad St. refinace

Meridian Capital Group arranged $100 million in financing to refinance 90 Broad Street, an office building in New York, on behalf of Princeton International Properties. The loan, provided by a balance sheet lend.....»»

Category: realestateSource: realestateweeklyApr 17th, 2019

Brodsky borrows on West End Towers

New York Life Real Estate Investors, on behalf of New York Life Insurance Company, announced the financing of a $55 million second mortgage loan secured by West End Towers, a 1,000 unit Class A apartment community in the Upper Westside .....»»

Category: realestateSource: realestateweeklyApr 17th, 2019

City approves a $1.5M loan for redevelopment of Somerset Homes amid procurement questions

Baltimore City's spending board approved a $1.5 million loan Wednesday morning to support a $30.1 million redevelopment of the former Somerset Homes site. The HOME Investment Partnerships Program Loan will go to the developer of the 104-unit project,.....»»

Category: topSource: bizjournalsApr 17th, 2019

Eastern builds bridge loan for Auerbach fund

Eastern Union has secured a $26 million bridge loan to support the acquisition and redevelopment of a 587-unit multi-family property in Houston. The loan amount represents 75 percent of the purchase price and.....»»

Category: realestateSource: realestateweeklyMar 27th, 2019

Sotheby"s sues Park Ave. condo owner for allegedly withholding commission

Sotheby's International Realty is suing the owners of a Park Avenue condominium for allegedly failing to pay the commission on the sale of a $31.5 million unit.In documents filed in state Supreme... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMar 15th, 2019

Simon Baron closes $105M refinacing deal

Simon Baron Development Group has landed a $105 million loan to refinance its luxury 114-unit rental project at 393 West End Avenue, a pre-war Upper West Side building. The new loan was provid.....»»

Category: realestateSource: realestateweeklyMar 13th, 2019

Kennedy funds Williamsburg apartment construction

Kennedy Funding Financial has closed a $2 million loan to LZBC Next Level Realty to fund the construction of an eight-unit, four-story walk-up building at 100 Scholes Street .....»»

Category: realestateSource: realestateweeklyApr 25th, 2018

Tishman closes on $380M construction loan in Brooklyn

Tishman Speyer closed on a $380.6 million loan to finance the construction of 11 Hoyt, a 480-unit luxury condo building in Downtown Brooklyn. With funding for the proj.....»»

Category: realestateSource: realestateweeklyApr 19th, 2018

Joint venture lands $350M construction loan for 15 E. 30th Street

The developers behind a 756-foot condo building in NoMad secured a $350 million construction loan this week. New York-based developer JD Carlisle Development Group and Shanghai’s Fosun International landed the loan from B.....»»

Category: realestateSource: realestateweeklyMay 8th, 2018

AIG shareholders set to vote on pay package for new CEO

NEW YORK (Reuters) - American International Group Inc faces an uphill climb to convince shareholders to approve a $43.1 million pay package for Chief Executive Officer Brian Duperreault during the company's annual meeting on Wednesday......»»

Category: topSource: reutersMay 9th, 2018

Valeant launches $750 million bond offering, increases planned Term B loan borrowing

Valeant Pharmaceuticals International Inc. said T.....»»

Category: topSource: marketwatchMay 17th, 2018

Wilful defaults by PNB"s big borrowers slip further to Rs 152 bn by Apr-end

Big wilful defaulters are categorised by PNB as those borrowers with loan outstanding of Rs 2.5 million and over.....»»

Category: topSource: business-standardMay 20th, 2018

7 things to know today and luxury apartment community sells for $64.5M

Good morning, Orlando, and happy Monday! Alexan Crossroads, a 314-unit luxury apartment community in Orlando, has a new owner: Harbor Group International, which ponied up for $64.5 million for the property. Completed in 2016, Alexan Crossroads fea.....»»

Category: topSource: bizjournalsMay 21st, 2018

Tulfra secures $10M loan to build Cubesmart self storage facility

Holliday Fenoglio Fowler placed $10.2 million in financing for the development of a 925-unit, to-be-built, CubeSmart-branded self storage facility in Passaic County, NJ.....»»

Category: realestateSource: realestateweeklyMay 23rd, 2018