Excerpt from the Commercial Observer website: A joint venture between developers EJS Group and Krown Point Capital has acquired two development sites in Midtown East for a total of $39 million, Commercial Observer has learned. EJS and Krown Point purchased the two adjacent lots at 1059-1061 Second Avenue — along with associated air rights packages […]
Excerpt from the Commercial Observer website: Property Markets Group (PMG) has secured $107.5 million in construction financing to build Waldorf Astoria Residences Denver Cherry Creek, a collection of 37 luxury condominium homes in Denver, Colo. Maxim Capital Group provided the construction debt, while a PMG Capital Markets team of Andrew Warman, Jonathan Blank, and Paton […]
Excerpt from the BISNOW website: PMG secured $107.5M in construction financing for Waldorf Astoria Residences Denver Cherry Creek, a 37-unit condo project at 185 N. Steele St. that will mark the Waldorf Astoria brand’s Colorado debut. The boutique development will feature fully finished residences ranging from 690 SF to 3,880 SF. Sales are being led […]
Excerpt from the Real Deal website: Avery Hall Investments scooped up a Crown Heights development site where Yoel Goldman once planned to build a flashy hotel. The developer shelled out $10.1 million for 1550 Bedford Avenue, which Goldman put into bankruptcy early this year. Goldman had valued the site at $14 million. Maxim Capital provided financing for […]
Excerpt from the Commercial Observer website: A joint venture between Montperia Group and JLS Construction has landed $115 million of construction financing to build a condominium tower in Long Island City, Queens, Commercial Observer has learned. Maxim Capital Group provided the loan for the sponsorship’s planned 207-unit condo building at 24-02 Queens Plaza South in […]
Excerpt from the Commercial Observer website: Rybak Development has landed $26.5 million of construction financing to build a condominium building on the site of what once was an Upper East Side hotel, Commercial Observer has learned. Maxim Capital Group supplied the loan for the developer’s 11-story residential building at 500 East 81st Street in the […]
Excerpt from the Commercial Observer website: Brooklyn-based developer Alloy Development has secured a $290 million recapitalization for its mixed-use project, The Alloy Block, at 505 State Street in Downtown Brooklyn. Commercial Observer has learned the firm has simultaneously secured a $42.5 million construction loan from Maxim Capital Group, a New York-based, bridge and balance sheet lender, to complete the second phase of […]
Maxim is honored to be recognized by the Commercial Observer as a finalist for the Top (Non-Bank) Financier of the Year award in 2024. Read the full article here: Breakthrough Awards Breakfast – Commercial Observer
Excerpt from the Commercial Observer website: New Jersey developer U.S. Development has secured $73.8 million of construction financing to build a condominium project in Florida’s Broward County, Commercial Observer has learned. Maxim Capital Group and BH3 Management provided the loan facility for the planned 40-unit Salato Pompano Beach condo development in Pompano Beach, Fla. U.S. […]
Excerpt from the Real Deal website: Tidewater Capital has expanded its real estate portfolio by acquiring three office buildings in Sunnyvale for $65 million. This acquisition is part of a broader investment spree in Silicon Valley, following a $100 million deal involving seven nearby properties. The newly acquired Sunnyvale Business Center spans 175,000 square feet […]
Excerpt from the Commercial Observer website: A new condo tower is saying “HeY” to Hudson Yards, and just got the dollars to rise. When completed, the new building will comprise 128 residential units across 11 stories and also include ground- and cellar-level commercial space. Maxim Capital Group provided the loan, which retires existing debt and […]
Excerpt from the Commercial Observer website: Clara Homes has landed $53.6 million of construction financing to build a multifamily development in Bay Harbor Islands in Miami-Dade County, Commercial Observer can first report. Maxim Capital Group provided the loan on the Miami-based developer’s planned Clara Bay Harbor 100th project, the second phase of a luxury rental […]