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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 […]

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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. […]

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Tidewater extends buying spree with three Sunnyvale office buildings

Excerpt from the Real Deal website: Tidewater Capital has expanded its real estate portfolio by acquiring three office buildings in Sunnyvale for $65 million. This acquisition is part of a broader investment spree in Silicon Valley, following a $100 million deal involving seven nearby properties. The newly acquired Sunnyvale Business Center spans 175,000 square feet […]

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Maxim Capital Group Lends $118M on Hudson Yards Condo Development

Excerpt from the Commercial Observer website: A new condo tower is saying “HeY” to Hudson Yards, and just got the dollars to rise. When completed, the new building will comprise 128 residential units across 11 stories and also include ground- and cellar-level commercial space. Maxim Capital Group provided the loan, which retires existing debt and […]

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Maxim Capital Group Lends $54M on Bay Harbor Islands Apartments

Excerpt from the Commercial Observer website: Clara Homes has landed $53.6 million of construction financing to build a multifamily development in Bay Harbor Islands in Miami-Dade County, Commercial Observer can first report. Maxim Capital Group provided the loan on the Miami-based developer’s planned Clara Bay Harbor 100th project, the second phase of a luxury rental […]

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Maxim, Sabal, and GDSNY Supply $50M Refi on Manhattan Office Building

Excerpt from the Commercial Observer website: A joint venture between London developer Chelsfield Group and investment firm Ram Holdings has sealed a $50 million loan to refinance its newly renovated SoHo office building. Maxim Capital Group, Sabal Investment Holdings and GDS Brightstar provided the loan on the joint venture’s 12-story 114 Crosby Street, the lenders […]

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SoHo office building lands luxury outdoor retail tenant, $50M loan

Excerpt from Crain’s New York Business: A recently renovated boutique office building in SoHo has landed a luxury outdoor apparel company as a tenant as well as a $50 million loan, the lenders have shared with Crain’s.  Manhattan-based mortgage lender Maxim Capital Group, together with Sabal Investment Holdings — an investment management firm headquartered in California […]

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Maxim, Sabal, and GDS Supply $50M Refi on Manhattan Office Building

Excerpt from the Commercial Observer website: A joint venture between London developer Chelsfield Group and investment firm Ram holdings has sealed a $50 million loan to refinance its newly renovated SoHo office building. Maxim Capital Group, Sabal Investment Holdings and GDS Brightstar provided the loan on the joint venture’s 12-story 114 Crosby Street, the lenders announced Wednesday. Loan proceeds will be […]

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Developer switch: AMAC, ROVR scoop up 285-unit multifamily site in Pompano Beach

Excerpt from the Real Deal website: Three years after scoring approval for a 285-unit multifamily project in Pompano Beach, Art Falcone opted to sell the development site for $13.5 million.  AMAC, led by Ivan and Maurice Kaufman, and Coral Gables-based ROVR Development bought the 6.2-acre property at 3151-3251 North Federal Highway, said Jeremy Forman, vice […]

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Legion, EJS pick up Greenwich Village development site

Excerpt from the Real Deal website: Luxury condo developer Legion Investment Group and EJS Development have bought a development parcel in Greenwich Village for $57.5 million. The new owners plan to demolish the six-story building at the site, 5 West 13th Street, records show. It was once home to the New York City Human Resources Administration. […]