National Issue
Hard money, hard decisions: Nonbank lenders face pressure to deal with problem loans
Downtown Capital Partners, an alternative lender based in White Plains, New York, fired off a note to All Year...
The Latest
Invesca scores $102M construction loan for two SoFla apartment projects
Invesca scored a $102 million loan from Madison Realty Capital for two South Florida multifamily projects during the coronavirus...
Embattled Costa Hollywood Resort files for bankruptcy
The troubled Costa Hollywood Resort in Hollywood Beach filed for Chapter 11 bankruptcy protection five months after its lender...
Penn-Florida scores $225M construction loan for Mandarin Oriental condos in Boca
Penn-Florida Companies secured a $225 million construction loan for The Residences at Mandarin Oriental in Boca Raton from Madison...
Menin Development borrows $72M to build boutique hotel in downtown Delray
South Florida real estate developer Menin Development landed a $72 million loan to finance construction of The Ray, a...
Lender files foreclosure suit to seize unsold units at new condo-hotel in Hollywood
A lender that financed construction of a Hollywood condo-hotel in Hollywood filed a foreclosure lawsuit against the developer claiming...
New York
A Russian oligarch’s guide: How to hide $20M in a NYC skyscraper
A former banana importer, a fraudster deported from the United States and the co-owner of a major Russian telecommunications...
Planned redevelopment of former INS location in Miami draws $26M loan
Developers planning to redevelop a former home of the U.S. Immigration and Naturalization Service (INS) in Miami borrowed $26...
Riva Fort Lauderdale closes on $65M construction loan
Developer Bradley Deckelbaum closed on a $65 million construction loan for Riva, a 15-story condo tower under construction in Fort...
New private equity fund enters market
From the New York Web site: Amidst harsh credit requirements and financial uncertainty, some smaller entities are trying to gain market share by offering instant liquidity for perplexed borrowers. A good technique, according to...
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