22C — March 27 - April 9, 2020 — The Best of 2019 — M id A tlantic Real Estate Journal



#1 Broker

#2 Broker

Ryan Ade JLL

Jon Mikula JLL

#3 Broker

#4 Broker

#5 Broker

Nancy Ferrell NorthMarq

Keith Wells NorthMarq

Jason Smith NorthMarq


Progress Capital UES Memorial Sloan Kettering Cancer Center Loan: $130,000,000

Procida Funding & Advisors Historic Belle-Freeman

NorthMarq Baltimore Industrial Portfolio Loan: $129,000,000

Amusement Pier Loan: $10 Million

Institution: Procida Funding & Advisors Financier: Procida Funding & Advisors Location: Seaside Heights, NJ Size: 2.5 acres on land. 5.6 acres when including Ri- parian Rights. To revitalize Seaside Heights, N.J.’s historic pier, Procida provided a $10 million construction loan to The Mabie Group, a repeat client. Procida is known for its vision and capital to get deals done for clients and the communities it serves. Mabie is reconstructing the Belle-Freeman Amusement Pier, which dates back to the 1920s and was destroyed by Superstorm Sandy and a subsequent fire. The new development will transform the currently vacant location into the boardwalk’s pre- mier entertainment destination. Project plans currently feature a 17,500 SF multi-tier bar & restaurant, a pool club, and a proposed concert venue.

Institution: Natixis Financier: Progress Capital Location: 330 East 62nd Street, Manhattan, NY Size: 100,000 SF Brad Domenico arranged a $130,000,000 permanent mortgage for YYY 62nd Street LLC, a joint venture between Joy Construction and Maddd Equities. The loan was secured by a newly constructed 7-story build to suit community facility building at 330 East 62nd Street in Manhattan leased to Me- morial Sloan Kettering on a long-term lease. Domenico negotiated the terms with Natixis featuring 80% LTV with full term I/O and non-recourse. The most impor- tant aspect of the permanent mortgage was the customiza- tion that Natixis provided to accommodate aspects of the single tenant long term lease. “Natixis provided a flawless execution and underwrote the entire capital stack which was important to the Borrower”, said Domenico. Brad Domenico

Size: 2,417,832 SF Joseph Burke, SVP/Senior Managing Direc- tor of NorthMarq’s Baltimore office arranged a $129,000,000 permanent-fixed loan for a portfolio of industrial properties (office warehouse) located in the Baltimore, Maryland MSA. NorthMarq arranged fi - nancing for the borrower through its relationship with a life insurance company.

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