64-Story Skyscraper Begins Ascent at 8 Carlisle Street in Manhattan’s Financial District

Excerpt from New York YIMBY: At number 12 on our year-end countdown of the tallest construction projects in New York is Link Apartments 8 Carlisle, a 789-foot-tall residential skyscraper at 8 Carlisle Street in Manhattan’s Financial District. Designed by Handel Architects and developed by Grubb Properties and Pink Stone Capital, the 64-story structure will span 326,221 […]

PMG Lands $93M to Build Luxe Condo in Miami’s Overtown Neighborhood

Excerpt from the Commercial Observer website: A development team led by PMG secured $92.5 million to build a luxury condo tower in Overtown, Miami’s historically Black neighborhood. The construction financing from Maxim Capital Group will fund the 372-unit One West Twelve Residences. The development team also includes Michael Simkin’s Lion Development Group and Alex Karakhanian’s […]

Inexpensive short-term rental project in Overtown scores $93M construction loan

Excerpt from The Real Deal website: PMG, Michael Simkin’s Lion Development Group and Alex Karakhanian’s Lndmrk Development scored a $92.5 million construction loan for their short-term rental friendly condo project in Miami’s Overtown neighborhood. The partners secured financing from New York-based Maxim Capital Group, according to a news release. The loan is for One West […]

EJS Group, Krown Point Capital Buy Two Midtown East Dev Sites for $39M

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 […]

Maxim Capital Group Provides $108M Loan to PMG for Denver Luxury Residences

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 […]

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Avery Hall snaps up Yoel Goldman’s stalled hotel site

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 […]

Maxim Capital Lends $115M on Long Island City Condo Tower Build 

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 […]

Maxim Capital Lends $27M for Construction of Upper East Side Condos

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 […]

Alloy Secures $290M Recap, $43M Construction Loan for Brooklyn Project

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 Capital, BH3 Lend $74M on South Florida Condos Development

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. […]