New York

AllianceBernstein funds $137.5m refi for Brooklyn mixed-use tower

The Nashville-based manager extends its Northeast US lending streak, which has largely bulked multifamily and industrial sector exposure year-to-date.

Urban Investment closes $116m construction loan for Syracuse resi overhaul

The funding is part of a $269m recapitalization for BFC and SAA Canopy’s planned 393-unit rebuild of Parkside Commons.

Rialto, Hines fund a $229m refi for historic Manhattan office 

The Textile Building received a bridge loan boost after its post-pandemic renovation with backing from PGIM, Tribeca Investment and Meadow Partners.

Mavik Capital launches third special opportunities fund with $1bn target

The manager ramps up fundraising target from its previous $685m special opportunities fund.

Rithm Capital lands $515m refi for Manhattan office tower

Real estate private credit lenders helped complete the capital stack, which comprises a $415m CMBS loan, a $40m B-note and a $60m mezzanine loan, according to Newmark.

Minimal lender impact seen after instability issues at Pfizer office conversion

Madison Realty Capital originated a $720 million senior loan to finance Metro Loft and David Werner’s residential conversion of the New York office building.

Maxim Capital funds $300m loan for New York residential development

The sponsors, Grubb Properties and Pink Stone Capital, lined up another $77m in mezzanine financing from a group of lenders.

S3 Capital continues debt expansion with close of $203m in construction loans

The New York-based lender originated its first office-to-residential conversion financing alongside a mixed-use condominium and hotel development deal.

PGIM funds $222m refinancing for pair of Rudin-backed offices

The refinancing comprises a $140m loan and a $82m loan for two separate Class A properties in Manhattan.