C-PACE

JEMB Realty will use the $8m loan to fund Herald Towers' infrastructure upgrades alongside existing debt from Blackstone and Corebridge.

The financing includes a $75m C-PACE loan.

The firm has hired Lisa Nordel as a managing director to bolster its underwriting, portfolio construction and institutional partnerships.

The funding will be used alongside equity and EB-5 capital for Okan Group-backed development of a 72-story mixed-use tower.

The capital stack for Post Brothers’ planned conversion includes a record $465m C-PACE financing from NGC alongside Mavik’s $110m senior loan.

The funding will be used by Rilea Group alongside a $25m senior loan from ABANCA USA to build the 300-unit Mohawk at Wynwood.

Kelly Souza will lead West Coast originations as well as lender partnerships to fuel the New York-based manager’s next growth phase.

The financing package is split between C-PACE construction financing and traditional construction financing. 

The partners will fund the development of Harper Square, a planned 45-story multifamily development that is close to the city’s Rittenhouse Square submarket.

The funding will be used alongside $148m in financing from Farallon Capital Management to build a pair of film production assets.