MLK Real Estate Capital (MLK) is pleased to announce that it has successfully arranged $34.025M in bridge financing on behalf of its client, Hudson Holdings, for the adaptive redevelopment of The Huntington Building, a 22-story, 1.3 million square foot, historic office building in downtown Cleveland, Ohio. The bridge financing was secured from Gamma Real Estate, a New York City-based real estate firm with a nearly 100-year history of commercial real estate ownership, operation, and lending.
NEW YORK, NY—Mar 10, 2017—MLK Real Estate Capital (MLK) is pleased to announce that it has successfully arranged $34.025M in bridge financing on behalf of its client, Hudson Holdings, for the adaptive redevelopment of The Huntington Building, a 22-story, 1.3 million square foot, historic office building in downtown Cleveland, Ohio. The bridge financing was secured from Gamma Real Estate, a New York City-based real estate firm with a nearly 100-year history of commercial real estate ownership, operation, and lending.
As Published in Crains Cleveland
NEW YORK, NY—March 10, 2017—MLK Real Estate Capital (MLK) is pleased to announce it has successfully arranged the equity financing for the acquisition of a portfolio of two recent-vintage multifamily properties located in the North Pineville submarket of North Carolina, totaling 570 units and over 574,000 square feet. The equity financing was secured on behalf of its client, an experienced New York City based multi-family operator that focuses on multi-family residential properties in the southeastern United States.
The properties are located 12 miles southwest of downtown Charlotte in the North Pineville submarket and are garden-style apartments built in 1996 and 2001.
NEW YORK, NY—Mar 1, 2017—MLK Real Estate Capital (“MLK”) is pleased to announce it has successfully arranged $26.5 Million in bridge financing for Shopoff Realty Investments (“Shopoff”) and Argosy Real Estate Partners (“Argosy”) on their latest acquisition of a 20.5 acre property in Anaheim, CA for redevelopment to residential uses.
The subject property consists of two industrial zoned land parcels totaling approximately 20.5 acres, improved with a distribution warehouse and office space totaling 356,187 square feet in the city of Anaheim, County of Orange, in Southern California.
As published in Real Estate Weekly
NEW YORK, NY—Mar 1, 2017—MLK Real Estate Capital (“MLK”) is pleased to announce it has successfully arranged $26.5 Million in bridge financing for Shopoff Realty Investments (“Shopoff”) and Argosy Real Estate Partners (“Argosy”) on their latest acquisition of a 20.5 acre property in Anaheim, CA for redevelopment to residential uses.
The subject property consists of two industrial zoned land parcels totaling approximately 20.5 acres, improved with a distribution warehouse and office space totaling 356,187 square feet in the city of Anaheim, County of Orange, in Southern California.
As published in Orange County Register
NEW YORK, NY—Feb 23, 2017—MLK Real Estate Capital (MLK) is pleased to announce it has successfully arranged $19.7M in bridge financing for Hudson Holdings (HH) on their acquisition of the Railway Exchange Building, a 21 floor, 1.2 million square foot vacant office building, in the heart of downtown St. Louis, Missouri.
MLK Real Estate secured the financing due to strong underlying fundamentals, positive track record of the sponsor, and prime location of the subject property.
As published in Globe St.
NEW YORK, NY—Feb 23, 2017—MLK Real Estate Capital (MLK) is pleased to announce it has successfully arranged $19.7M in bridge financing for Hudson Holdings (HH) on their acquisition of the Railway Exchange Building, a 21 floor, 1.2 million square foot vacant office building, in the heart of downtown St. Louis, Missouri.
MLK Real Estate secured the financing due to strong underlying fundamentals, positive track record of the sponsor, and prime location of the subject property.
As published in the St. Louis Post
MLK Real Estate Capital announced today that it has arranged the debt financing for a 60-unit multifamily residential and retail property in South Orange, NJ. The financing was secured on behalf of its client, an experienced multi-family operator that owns more than 1,700 units in New York and New Jersey. The amount of the debt financing was $24 million.
The property is located at 9 West South Orange Avenue in South Orange, NJ, and is comprised of 57 luxury residential apartments and three commercial units that encompass more than 9,000 square feet of prime retail space.
MLK Real Estate Capital is pleased to announce that the firm arranged the equity financing for the acquisition of The Gateway, a 60-unit multifamily residential and retail property in South Orange, NJ, for its client, Shamah Properties, an experienced multifamily operator that owns more than 1,700 units in New York and New Jersey. MLK secured the financing from what it described as “a prominent institutional partner,” which it did not name.
The property is located at 9 West South Orange Avenue in South Orange, NJ, and includes 57 luxury residential apartments and three commercial units encompassing more than 9,000 square feet of prime retail space. The property was acquired for $32.775 million.
MLK Real Estate Capital secures $4 Million in financing for a 4-property multi-family portfolio in Brooklyn, NY.
Secured equity for a client on an 544 units acquisition of a Class-A, Multi-Family property on the Gold Coast in New Jersey.
MLK Real Estate Capital arranged both the debt & equity financing for two office building acquisitions in Austin, Texas: Center Creek Plaza, a three-story building located at 1812 Center Creek Plaza Drive and The Wells Fargo Tower, a five-story building located at 2028 East Ben White Boulevard. The two class B office properties total over 112,000 of rentable square feet.
Arranged a $14m construction loan on a $22m ground up Hotel construction project in Long Island City.
MLK Real Estate Capital advised RiverBrook Equities on the financing of the firm’s newest La Quinta location, which will have 46 rooms. MLK and RBE replaced the existing construction loan with a new permanent take-out debt option.
Arranged financing on an owner occupied industrial warehouse in Brooklyn at an extremely competitive interest rate.