Stuart Boesky News Today

New York Community Bank's steep losses to its commercial real estate loans could add more barriers to already tight lending conditions.

Business leaders across the commercial real estate landscape offer weary assessments on whether capital markets will recover from 2023.

Developers, investors and financiers discuss how to invest in and develop multifamily buildings nationwide as interest rates rise.

How is the multifamily investment market doing? Following a keynote from owner and developer Harbor Group International’s Yisroel Berg and law firm Herrick Feinstein’s Jonathan Adelsberg, the initial panel of the daylong forum dived into how the cost of debt was affecting the ability to purchase new apartment buildings. “We’re moving ahead with buying a portfolio in Florida, but we’re being cautious,” said David Hochfelder, the chief investment officer...

Smith & Henzy has received $37.5 million in financing for the development of The Pike, a 151-unit project in Newington, Conn.

/PRNewswire/ -- Pembrook Capital Management LLC ("Pembrook"), one of the nations leading bridge lenders for affordable housing, announced $20.4 million in...

/PRNewswire/ -- Pembrook Capital Management LLC ("Pembrook") a leading national lender focused on affordable rental housing investments, announced today the...

/PRNewswire/ -- Pembrook Capital Management LLC ("Pembrook") a leading national lender focused on affordable rental housing investments, announced today the...

/PRNewswire/ -- Pembrook Capital Management LLC ("Pembrook"), one of the nations leading bridge lenders for affordable housing, announced a $22,425,000 first...

Share this article Share this article TAMPA, Fla., Dec. 17, 2020 /PRNewswire/ -- Pembrook Capital Management LLC ("Pembrook") is providing a $14.259 million preferred equity investment to finance the construction of a 360-unit, Class-A multifamily property located in Tampa, Florida. The sponsor in this transaction is 2nd Wave Development and the investment company will serve as owner and operator of the complex which will be known as The Asbury Apartments.  Doug Wilberding with Pembrook orig...