Excerpt from the Commercial Observer Website: Property Markets Group has closed on its acquisition of a large development site in the Gowanus neighborhood of Brooklyn, Commercial Observer has learned. Maxim Capital Group provided $18.5 million in financing for the deal, which encompasses acquisition, building and project loans, sources said. The site, which comprises 267 Bond […]
Excerpt from Metechi Website: As a professional in the ever-changing CRE NPL market, it is vitally important to stay up-to-date on the latest trends and shifts in the industry. While reports, newsletters, and news media can be beneficial, one of the best ways to stay plugged in is by following the leaders in the industry. […]
Excerpt from The Commercial Observer website: New York City-based 601W Companies has nabbed a $27 million refinance for an industrial property in Chicago’s South Loop neighborhood, Commercial Observer has learned. Maxim Capital Group provided the loan for the transaction, while Meridian Capital Group brokered the deal. Located at 717 – 737 S Desplaines Street, the 4.6-acre site […]
Excerpt from the Commercial Observer: “Game of Thrones” characters once warned us that “Winter is coming.” We just didn’t know at the time that they were referring to this winter; a winter quite unlike any other, and a stark contrast to the sunny, springlike market conditions experienced in the years running up to COVID-19 hitting our shores.
A member of the Jack Parker real estate family bought a waterfront Miami Beach teardown for $7.5 million. Clara Homes took out a loan from Maxim Credit Group LLC.
Calderon, president and CEO of Neology Life, is planning to build 16 Allapattah, with 323 apartments, a 336-space parking garage, about 13,000 square feet of retail space and nearly 7,000 square feet of office space on the site. The Miami Urban Development Review Board approved plans for the 12-story project last month.
Whereas out-of-control prices led to a slow condo-sales market, the high prices investors paid during the recovery may lead to more deals down the line. Buyers who got out over their skis and are holding out for retail rents that they’ll never achieve may be forced to sell, said Brian Steiner, a principal at the alternative lender Maxim Capital Grou
Still fresh off a New Year’s launch, Arch Companies has secured a $45 million loan from Maxim Capital Group for the development of its first New York asset—a planned six-story, mixed-use residential building at 11 Greene Street in Soho—the borrower announced Wednesday.
Excerpt from The Real Deal: Developers BH3 and Gary Cohen are recording closings at the luxury Aventura condo complex, property records show. And they expect the two-tower, 160-unit project to sell out for about $500 million, BH3’s Daniel Lebensohn said.
Commercial lenders are banking on the repeal of Dodd-Frank to improve the increasingly tight lending atmosphere in South Florida. While the pace of requests hasn’t slowed down, most lenders The Real Deal spoke to said they are not financing ground-up development at this stage in the real estate cycle. And they are much more selective these days about which ongoing projects they do give loans to.
New York-based Maxim Capital along with Austin-based Prophet Capital Asset Management are providing the loan to the luxury condo project’s developers, Gary Cohen and BH3’s Greg Freedman, Dan Lebensohn and Charles Phelan, according to a press release.
Hotelier Sam Chang’s bet on the hotel market around LaGuardia Airport is taking flight. Chang’s Great Neck-based McSam Hotel Group paid $37.6 million for the Holiday Inn LaGuardia Airport in Queens, property records show. The seller was hotelier Michael Pomeranc, who purchased the property in 1999.