CBRE Arranges Financing for Rent-Stabilized Midwood Multifamily
CBRE originated a $15-million loan for a 175-unit rent-stabilized multifamily property located at 430 and 499 E. 8th St. in the Midwood section of Brooklyn. The financing was secured on behalf of ARM Management through Four Leaf Credit Union.
The CBRE Capital Markets team of Judah Hammer, Jeff Feldman and Jack Hayes arranged the refinancing on behalf of ARM Management.
“This refinancing provides ARM Management with stable financing and operational flexibility in today’s lending environment,” said Hammer. “The loan features a 6% fixed interest rate, two years of interest-only payments, and no prepayment penalty, offering the borrower enhanced operational flexibility over the five-year term.”
Get a closer look at the capital financing New York multifamily’s next cycle. Hear from Gary Bechtel of Red Oak Capital Holdings and Christian DeLisle of PACE Loan Group, then connect with owners, lenders and investors at Connect New York Apartments Investment & Finance on October 22. Register now!
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Highlights from Connect Apartments 2026 (VIDEO)
Attendees at Connect Apartments 2026, held in late September at The Biltmore in Los Angeles, had an up-close vantage point to hear from industry leaders on the opportunities and challenges seen by participants in the multifamily market across the western U.S. For those who were unable to attend, we have summarized the in-person conference in...
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Anaheim Deal Represents Investor’s First Multifamily Buy Since 1993
Marcus & Millichap arranged the sale of Nine-Eighteen Apartments, a 32-unit multifamily property in Anaheim. The property sold for $7.1 million, or $221,875 per unit. “Nine-Eighteen Apartments presented a compelling opportunity to acquire a well-located multifamily asset with scale and long-term upside in the Anaheim market,” said Tyler Leeson, executive managing director investments. “The property’s strong...
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Joint Venture Launches Construction on Multifamily at Yonkers’ Ridge Hill Center
A joint venture of Saber-Hightower, Rafferty Real Estate and Eagle Realty Group has begun construction on The Ibex at Ridge Hill, a 17-story, 282-unit rental building at Ridge Hill, the open-air lifestyle center in Yonkers. Bank OZK is providing construction financing for the $140-million project. The building will include 28 affordable units. First units are...
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Brokers
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Remax Professionals
Re/Max Real Estate Professionals | New York
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout