Finance Deals of the Week: $165M Refi on Multifamily Properties
The top financings from Feb. 26 to March 1.
By The Editors March 1, 2024 10:00 am
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The deals continue as February comes to an end with a $165.7 million refinancing for three Ohio multifamily properties, a $150 million loan to acquire a six-state industrial portfolio, $106 million from New York City to fund a 100 percent affordable housing development in west Manhattan, and an iconic hotel in Long Beach, Calif., receiving $122 million to refinance and convert the historic property into residences.
See the deals below.
| Loan Amount | Lender | Borrower | Address | Asset | Broker |
|---|---|---|---|---|---|
| $165.7 million | Affinius Capital | Thrive Companies | 1444 City View Drive and 680 Civitas Avenue; Columbus, Ohio | Residential | N/A |
| $150 million | Affinius Capital | Ares Management | Six property industrial portfolio | Industrial | N/A |
| $122 million | X-Caliber Funding and CastleGreen Finance | Pacific6 | 210 East Ocean Boulevard; Long Beach, Calif. | Hotel | N/A |
| $106 million | New York City HPD and HDC | Douglaston Development and Entertainment Community Fund | 509 West 48th Street; New York | Residential | N/A |
| $89 million | Columbia Pacific Advisors and Nuveen Green Capital | VP Companies | Six building mixed-use; Seattle | Hotel, Residential and Retail | N/A |
Finance Deals of the Week reflects deals closed or announced from Feb. 26 to March 1. Information on financings can be sent to editorial@commercialobserver.com.
3650 REIT, Affinius Capital, CastleGreen Finance, Columbia Pacific Advisors, Douglaston Development, Nuveen Green Capital, Pacific6, VP Companies, Williams Equities, X-Caliber Funding
