Andrew Coen

Clipper Equity has nabbed $125 million of bridge debt for a multifamily development in Flatbush, Brooklyn at a former Sears site.

The Loketch Group, Joyland Group and Meral Property Group landed a $220 million loan to refinance two adjacent Brooklyn multifamily assets.

The new real estate investment firm bought the property at 292-294 Atlantic Avenue from BFC Partners for $6.95 million in an all-cash deal.

An affiliate of Jack Resnick & Sons sealed $147 million of CMBS debt to refinance a Lower Manhattan office asset.

Arden Living has landed a $161 million loan to refinance a multifamily asset in northern Manhattan.

Irgang Group and Pramukh Realty Corp. has secured $70 million of construction financing to develop a multifamily project in Harlem.

Brooklyn developer Investmates has sealed $81 million of construction financing to build a condominium project in Greenpoint.

The real estate investment trust reported quarterly funds from operations of $0.6 per share to surpass analyst estimates of 0.59 per share.

The CaraCo Group of Companies has sealeda $45.8 million HUD 223(f) refinance for a newly-built multifamily asset in Broward County.

The Federal Reserve has put short-term borrowing levels in the high three percent range for the first time in three years.