Marc Realty closes on $27M loan for mixed-use conversion

PMG closes on $27M loan for 300 Biscayne site.. PMG’s Kevin Maloney on leveraging student loans and raising chickens.. a New York City-based real estate acquisition and development firm. The company’s projects include Walker Tower, a condo conversion it developed with JDS Development.

Marc Realty closes on $27M loan for mixed-use conversion.. marc realty scored a $27 million construction loan from Regions Bank for its residential conversion of a historic Loop office building.

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This transaction was arranged by Marc Tropp and. Knighthead Special Situations Real Estate Fund. A $1,800,000 loan for the refinance of two mixed-use properties located in the Park Slope.

Converting older buildings Another strategy developers are using to tap new sources of developable space is to convert. or mixed use properties. The availability of these buildings is on the rise,

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The firm represented a partnership between The Fidelco Group and Diversified Realty Advisors for the transaction which was financed by AIG. A $7,000,000 loan. unit mixed-use on Mayfield Rd. in.

new developments is winding its way through the city’s development pipeline, threatening to significantly alter the facts on the ground. The latest of these, a mixed-use project around 3159 El Camino.

AJ Capital Receives $27M Loan for Nashville Project.. floating-rate construction loan to AJ Capital Partners to finance the conversion of a former factory in Nashville, Tenn., into a mixed use.

The Palm House hotel in wealthy Palm Beach was targeted with a $27.5 million foreclosure lawsuit, which has persisted despite receiving a new mortgage.

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Meridian Capital announced the following transactions: A new mortgage of $16,100,000 was placed on an office property totaling 171,000 square feet located on Spring Street in New Providence, NJ.

Atlanta-based self-storage developer Mequity has closed on the $15.6 million purchase of 465 West 150th Street in Manhattan, and plans to convert the property into a new CubeSmart-managed self storage facility. Mequity closed on the acquisition of the existing 40,593-square-foot building between.

Marc Realty is a full-service commercial real estate company that prides itself on owning, managing and leasing the best-located office buildings in the Chicago. metropolitan area. Founded in 1976 by Sol, Elliot and Larry Weiner, the company leases and manages a portfolio of over 40 office properties, primarily in Chicago and its suburbs.