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 […]
A joint venture between Dornin Investment Group (DIG) and Torchlight Investors has secured fresh capital for a nearly completed Brooklyn multifamily development four months after purchasing the property’s nonperforming note. Maxim Capital Group provided $53.2 million of senior participation financing for DIG and Torchlight’s purchase of the debt tied to the 131-unit apartment project at […]
The energy was palpable in January when Jason Bordenick visited Miami for the CRE Finance Conference with his partners at New York City-based commercial real estate bridge lender Maxim Capital Group. Many in the industry were operating on the highs of the Federal Reserve cutting interest rates three meetings in a row and heightened investment […]
A trio of developers has snapped up a Brooklyn development site that once sparked a contentious rezoning battle. Avery Hall Investments, the Brodsky Organization and Monadnock Construction bought the long-vacant development site at 962 Pacific Street and an adjacent property at 863 Dean Street on the border of Prospect Heights and Crown Heights, Avery Hall […]
The financing from Maxim Capital Group covers Surf Row Residences, a 24-unit project at 8800 Collins Avenue, a block west of the beach and facing 88th Street. Construction got underway late last year, with delivery expected in 2027. “Surf Row Residences stood out for its strong early sales momentum, prime Surfside location and highly differentiated boutique positioning,” Jason Bordenick, portfolio […]
“This financing will propel Glass House toward completion and solidify its position as a luxury icon in the heart of Boca Raton,” Ziv said in a statement. Located at 280 East Palmetto Park Road in Downtown Boca Raton, the 28-residence project has presold more than one-third of the condos with prices ranging from $2.7 million to over […]
Terra Developers has secured $70 million in construction financing for 11-33 44th Drive, a forthcoming eight-story residential building in Long Island City, Queens. The 74,728-square-foot structure will yield 113 condominium units, ground-floor retail space, and 23 parking spots. The 180,000-square-foot property is located between 11th and 21st Streets. Maxim Capital Group provided the financing, with Newmark […]