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New York-based real estate firm Eretz Group has refinanced the mortgage on its Midtown office tower at 295 Madison Avenue with a $59 million loan from Bank of China.
New York Life Insurance Co. and TIAA-CREF teamed up to place a $648 million loan on the acquisition of two Boston office buildings.
Bank of America has provided a $39 million loan to a joint venture between Urban Renaissance Group (URG) and Iron Point Partners for the acquisition of the SeaTac Office Center in the SeaTac, Washington.
Bank of America has provided the financing behind Rockwood Capital’s $120 million acquisition of the South Coast Collection (SOCO), a Costa Mesa, California shopping destination, Real Estate Capital has learned.
Hunt Mortgage Group has provided an $87 million Fannie Mae loan to refinance Citylights at Queens Landing, a multifamily residential tower located near the Long Island City waterfront in Queens, New York.
Carr Properties has secured a $53 million loan for the acquisition, planned demolition and redevelopment of an office building site in Bethesda, Maryland.
Los Angeles-based Dekel Capital has placed $50 million in financing for the construction and development of the Pinnacle Sandy Apartments in the southeast corridor of the Salt Lake City, Utah, metropolitan area.
Online real estate crowdfunding platform RealtyMogul has closed a $49 million bridge loan to fund Elite Street Capital’s acquisition of the Metropolitan at Buckhead, an apartment complex in suburban Atlanta.
Natixis Real Estate Capital has provided a $81.5 million loan to Northwind Group and Newmark Holdings for the acquisition of a 20-story office building at 40-42 Exchange Place in Lower Manhattan.
Realty Finance Trust has provided a $33.65 million loan to Biynah Industrial Partners and Alex. Brown Realty for the acquisition of a three-property industrial portfolio totaling 1.7 million sq ft in Minnesota and Wisconsin.
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