Finance Deals of the Week: $111M Loan for Houston Residential Tower
The top financings from Feb. 19 to Feb. 23.
By The Editors February 23, 2024 10:00 am
reprints
The deals continue through February, as several large loans have closed. There’s a $111 million loan on a luxury Houston residential tower and JPMorgan Chase (JPM) and First Citizens Bank (FCNCA) loaned a $75 million on a new Manhattan residential and retail building.
| Loan Amount | Lender | Borrower | Address | Asset | Broker |
|---|---|---|---|---|---|
| $111 million | Northwind Group | Pelican Buildings and Ember Group | 5656 San Felipe Street; Houston | Residential | CBRE's John Fenolgio and Brock Hudson |
| $65 million | Argentic Investment Management | Lightstone and Cerberus Capital Management | 360 Independence Avenue; Harrisburg, Pa. | Industrial | JLL's Peter Rotchford, Andrew Scandalios, Michael Pagniucci, Tyler Peck, John Plower and Ryan Cottone |
| $27 million | Petros Pace Financial | Melrose Ascension Capital and Q Investment Partners | 633 S. LaSalle Street; Chicago | Residential | N/A |
Finance deals of the week reflect deals closed or announced from Feb. 19 to Feb. 22. Information on financings can be sent to editorial@commercialobserver.com.
Deals of the Week, Argentic Investment Management, Brause Realty, Cerberus Capital Management, Cushman & Wakefield, Ember Group, Fannie Mae, First Citizens Bank, Hudson Valley Property Group, JPMorgan Chase, Lightstone, Melrose Ascension Capital, Northwind Group, Pelican Builders, Petros PACE Finance, Q Investment Partners
