SEB’s group for business real property financing delivers custom-made finance options to real-estate buyers. Our experience ranges from acquisition, improvement, and building loans to bilateral and syndicated funding and development services, both on the senior and mezzanine degree (involving complicated intercreditor rights), to transactions involving highly sophisticated autos, structures, and financing strategies.
Late final yr, NYCB supplied David Bistricer’s Clipper Equity with a $104 million loan to buy The Brewster at 21 West 86th Street; the financial institution lent $148.6 million through 19 loans for a 21-property multifamily portfolio within the Bronx for The Morgan Group; and Banbridge Companies and China Orient Asset Administration turned to NYCB for a $128 million mortgage to purchase the 656-unit Devonshire Hills advanced in Suffolk County.—M.G.
Whereas Walker claimed there weren’t any mega-transactions final year (that means $1 billion-plus), the company did secure $672 million in Fannie Mae-backed financing for The Scion Group, Singapore-based mostly funding firm GIC and Canada Pension Plan Funding Board’s acquisition of University Home Communities in June 2016.—L.L.G.
Between Aaron Appel, Keith Kurland, Jonathan Schwartz and Dustin Stolly, JLL’s actual estate funding banking workforce negotiated $12.6 billion in debt deals final yr, up from $9.four billion the 12 months prior—numbers that stand out in a 12 months the place many lenders skilled much less deal circulation quantity.
The financial institution supplied part of the $1.5 billion construction loan for SL Green Realty Corp.’s One Vanderbilt, and it additionally teamed up with M&T Financial institution and U.S. Bank on the $250 million loan for the development of Rudin Administration and Boston Properties’ Dock 72 within the Brooklyn Navy Yard.
Among the bank’s most notable deals embrace a $108 million mortgage for XIN Growth’s new 72-unit condo building at 615 10th Avenue in Hell’s Kitchen; a reported $one hundred thirty five million in financing for JDS Improvement Group and the Chetrit Group’s supertall residential growth at 9 DeKalb Avenue in Downtown Brooklyn; and a reported $187 million mortgage for Nathan Berman’s newest office-to-residential conversion at 20 Broad Avenue.