An influential development family has scored a refinancing in Queens. The Chetrit Group secured an $80 million refinancing loan on a warehouse at 57-18 Flushing Avenue in Maspeth, Queens, according to sources familiar with the deal. Maxim Capital Group and SL Green provided the financing in a three-year deal. The warehouse was last mortgaged in […]
Safe Harbor Capital Partners plans to reopen the historic Tides Hotel in Miami Beach following a multimillion-dollar renovation, after taking control of the property through foreclosure and securing a $44 million mortgage. Maxim Credit Group provided the loan for the 13-story, 45-room South Beach hotel at 1220 Ocean Drive and adjacent properties at 1201 Collins […]
Flushing Commons Phase II, a transformative mixed-use development, will be bringing residential housing, a state-of-the-art YMCA and both public and commercial space to Downtown Flushing as real estate development company F&T Group and New York City Economic Development Corporation (NYCEDC) celebrated its groundbreaking on Wednesday. Upon completion, Flushing Commons will emerge as a new central […]
Multi-generational and innovative real estate development company F&T Group, alongside the New York City Economic Development Corporation (NYCEDC), today held a celebration ceremony for the groundbreaking of Flushing Commons Phase II, a transformative mixed-use development that will deliver 1.3 acres of publicly accessible open space, a state-of-the-art YMCA, residential housing, office space, retail and dining, […]
Grubb Properties has landed a total of $377 million in financing for the development of 8 Carlisle Street. At 64 stories and 789 feet, the site is set to become one of the tallest residential buildings in Lower Manhattan. Maxim Capital Group provided a $300 million senior construction loan, with Skylight Real Estate Partners issuing […]
Maxim Capital provided a $300 million senior loan, while GreenBarn, Skylight, Axonic and Meadow Partners co-originated $77 million in mezzanine financing for the 64-story skyscraper. Grubb Properties just closed $377 million in construction financing for its 64-story property at 8 Carlisle Street, Commercial Observer has learned. In keeping with Grubb’s national multifamily brand, the property […]