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The JLL-brokered deal for Genesis Marina is backed by a JV between Phase 3 Real Estate Partners and Bain Capital Real Estate.
The senior bridge financing will be used by Reger Holdings to recapitalize EastVillage and the Linden Residences.
The Newark-based manager has been refinancing sizable portfolios and tacking on more concentrated one-off deals to fuel momentum.
The $76.2m package will refinance a luxury hotel in Santa Fe, New Mexico.
The funding will be used to refinance the Ritz-Carlton Dallas following renovation work.
Tishman Speyer purchased 422 Fulton Street, a Brooklyn mixed-use property housing a Macy’s department store, in 2015.
PERE Credit tracked 115 new commercial real estate loans totaling $14.96bn in May and June.
The funding will be used to recapitalize luxury 3ELEVEN tower south of Manhattan’s Hudson Yards.
The financing on the portfolio will be used to refinance existing debt.
Mitigants include a relationship approach to banking and exposure in well-known markets, said Joseph Scott, senior managing director at KBRA.