Finance Deals of the Week: $207M CMBS Refi on DC Area Office Assets
The top five financing deals from April 15 to April 19
By The Editors April 19, 2024 6:00 am
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It was another active week of commercial real estate loans, led by the $207 million commercial mortgage-backed debt package from Citi Real Estate Funding for the refinancing of two Arlington, Va., office properties owned by Monday Properties. Bank of Montreal also provided a $117 million loan for the Chetrit family and The Jay Group to refinance their mortgage at Sunrose Tower, a mixed-use multifamily apartment building in Harlem at 620 West 153rd Street. Find out what the other biggest loans for the week were below.
| Loan Amount | Lender | Borrower | Address | Asset | Broker |
|---|---|---|---|---|---|
| $207 million | Citi Real Estate Funding | Monday Properties | 1812 North Moore Street & 2800 Shirlington Road; Arlington, Va. | Office | N/A |
| $117 million | Bank of Montreal | The Chetrit Family and The Jay Group | 620 West 153rd Street; Manhattan | Multifamily | N/A |
| $110 million | BHI and Be Aviv | Clipper Equities | 2359 Bedford Avenue; Brooklyn | Multifamily | Landstone Capital |
| $100 million | Nationwide | Seagis Property Group | Nine-building industrial portfolio | Industrial | JLL |
| $97 million | Madison Realty Capital | The Taurasi Group | 38 Jackson Street, Hoboken, N.J. | Condos | C. H. Kauffman & Associates |
Finance Deals of the Week reflect deals closed or announced from April 15 to April 19. Information on financings can be sent to editorial@commercialobserver.com.
1812 North Moore Street, 2359 Bedford Avenue, 2800 Shirlington Road, 38 Jackson Street, 620 West 153rd Street, Deals of the Week, Bank of Montreal, Be-Aviv, BHI, Citi Real Estate Funding, Clipper Equities, Landstone Capital, Madison Realty Capital, Monday Properties, Nationwide, Seagis Property Group, The Jay Group, The Taurasi Group
