Adam America secures $63M in financing for Upper West Side project
Adam America Real Estate recently secured two loans totaling $63 million for an Upper West Side development that’s been...
Real Estate Loans
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Macerich’s Queens Center Mall emerges from special servicing
Macerich’s Queens Center Mall is out of special servicing. The $600 million loan returned to its master servicer Nov....
Kushner Companies no longer delinquent on Times Square loans
Kushner Companies is no longer delinquent on loan payments tied to its struggling Times Square retail property. The development...
National
Mall-pocalypse now: Minnesota mall loan sells for huge discount
If you want to gauge investor demand for suburban mall properties, head to Burnsville, Minnesota. Last week, a $63...
Construction loan tied to “leaning” Seaport condo up for sale
UPDATED, 11:15 a.m., Oct. 5: A $120 million non-performing construction loan tied to Fortis’ One Seaport condo in the Financial...
The biggest loans of the slowest month: August’s real estate lending
August was an odd month in New York City’s real estate lending market. The 10 largest Manhattan loans recorded...
These were the largest Manhattan real estate loans in July
The 10 largest Manhattan loans recorded in July totaled $976 million, a quarter less than June’s total. The two...
Palisades Center Mall operator avoids financial calamity (for now)
One of the nation’s largest malls has come to an agreement with its lender to stave off foreclosure. After...
June’s biggest outer-borough loans led by $386M for Greenpoint
After rising in May, dollar volume for the 10 largest outer-borough loans of the month declined, making June’s total...
These were the largest Manhattan real estate loans in June
The 10 largest Manhattan loans recorded in June totaled $1.32 billion, slightly below May’s total. The coronavirus pandemic has...