Finance Deals of the Week: A $575M Stunner in Los Angeles
The top five financing deals from April 1 to April 5
By The Editors April 5, 2024 10:00 am
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It was another big week of financings as the top five deals all exceeded $100 million, including a massive $575 million that JMB Realty secured for an office development in Los Angeles. The other big deals include the Brodsky Organization and Greenland USA getting $475 million for a residential tower in Brooklyn, and Clipper Equity landing $105 million in construction financing for the renovation of the former Sears department store building in Brooklyn.
| Loan Amount | Lender | Borrower | Address | Asset | Broker |
|---|---|---|---|---|---|
| $575 million | Cale Street Partners | JMB Realty | 1950 Avenue of the Stars; Los Angeles | Office development | N/A |
| $415 million | M&T Bank | The Brodsky Organization and Greenland USA | 18 Sixth Avenue; Brooklyn | Residential | N/A |
| $216 million | MF1 Capital | Gotham Organization and The Carlyle Group | 200 West 67th Street; Manhattan | Residential | CBRE's Tom Traynor, Tom Rugg, Lawrence Britvan and Adam Spengler |
| $113 million | Apollo | Faropoint | 29-property portfolio; national | Industrial | Key Bank Real Estate Capital's Joshua Mayers |
| $105 million | Valley National Bank | Clipper Equity | 2201 Beverly Road; Brooklyn | Multifamily | Landstone Capital Group’s Leah Paskus |
Finance Deals of the Week reflect deals closed or announced from April 1 to April 5. Information on financings can be sent to editorial@commercialobserver.com.
18 Sixth Avenue, 2201 Beverly Road, 462 Broadway, 5035-5150 Goldleaf Circle, Deals of the Week, Apollo Global Management, Clipper Equity, Faropoint, Lincoln Property Group, PCCP, Valley National Bank
