Randy Plavajka
The portfolio consists of an estimated 55% of multifamily loans and 45% industrial loans.
Charney Companies will use the debt to build a 45-story, 182-unit tower at 95 Rockwell Place in the Fort Greene submarket.
The senior and mezzanine debt will be used by Tavros Capital and Charney Companies to acquire and pre-develop a 1,000-unit project in the Gowanus neighborhood.
Property Markets Group will use the funding to build a two-tower, mixed-use project in the city’s Brickell neighborhood.
The sovereign investor will tap into existing real estate, asset-based lending and private credit strategies from Fortress alongside the manager’s existing capital pools.
The firm is seeing tailwinds for US office opportunities through bouts of market volatility in 2025.
The Connecticut-based lender is helping recapitalize a 70-acre mixed-use community in Sleepy Hollow on behalf of King Street Capital Management and Biddle Real Estate Ventures.
The San Antonio-based manager has picked up significant multifamily financing volume in April following similar deals in Boston and New York City.
The four-year loan will be used by LV Collective to replenish capital backing Rambler Athens, a 750-bed complex adjacent to the University of Georgia.
Terra and Turnberry will use the funding to advance work on the Grand Hyatt Miami Beach adjacent to the city’s convention center.