Carlton tops $2b May exclusives.Carlton Advisory Services' Chairman Howard L. Michaels announced that the company continues to maintain its torrid pace in 2005 and has closed or been engaged in over $2 billion of transactions in May. Outlined below are some of the most recent transactions either closed by or assigned to Carlton: * $115 Million Equity & Debt Recapitalization for Manhattan Apartments--Carlton's Ruth Barone arranged and closed a $78 million equity and debt recapitalization for a prime Upper West Side complex consisting of two 14-story elevator apartment buildings, a two-story commercial store and an indoor parking garage for approximately 150 cars. * $600 Million of Equity & Debt--Ground-Up Hotel/Condo Development--West Side Manhattan--Mr. Michaels is seeking interest from potential equity partners for an exciting new project on the West Side of Manhattan. The ground-up development will include over 1.1 million square feet of mixed-use space, including a hotel, residential condominium units, ground floor retail and office space. * $25 Million South Beach Construction Loan--Condominium Conversion--South Beach--Carlton's Brendan Sullivan Brendan V. Sullivan, Jr., JD (born March 11, 1942, Providence, Rhode Island) is a Washington, D.C. based criminal defense attorney and a senior partner of the law firm Williams & Connolly, LLP. and Charles Kercez arranged and closed a $25 million construction loan in connection with the conversion of a South Beach hotel to luxury condominium units. The client intends to convert the 90-room hotel to 15 luxury condominium units. * $805 Million Joint Venture, Credit Lease & Acquisition Financing--One Madison Avenue--Carlton arranged a highly structured, $805 million joint venture credit lease and acquisition financing package for one of the largest deals in Manhattan this year, One Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. . The property features a 1.2 million square foot office building net leased to Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , a 270,000 square foot tower prime for residential conversion and air rights for additional development, which are owned 50-50 by Credit Suisse First Boston and SL Green. * $110 Million Equity & Debt Financing--Miami Ground-Up Condo Development--Carlton's Tom McCarthy Tom McCarthy can refer to any of the following people
When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay on behalf of a major developer for the ground-up development of two contiguous luxury condominiums in Brickell Village, Miami. The first development will consist of 125 condominium units while the second development will be built as a 137-unit condominium project. * $80 Million South Beach Construction Loan--South Beach Condominium Conversion Villa Luisa--Carlton's Romano Tio and Marc Sznajderman are in the process of arranging over $80 million of senior and mezzanine financing Mezzanine Financing A hybrid of debt and equity financing. Mezzanine financing is typically used to finance the expansion of existing companies, and it is basically debt capital that gives the lender the rights to convert to an ownership or equity interest in the company if the in connection with the conversion of The Villa Luisa located in South Beach. The client intends on constructing a seven-story tower consisting of 28 luxury condominiums. * $21 Million Financing--Premier Office Tower in Dayton, Ohio--Ms. Barone and Carlton's Neil Bane BANE. This word was formerly used to signify a malefactor. Bract. 1. 2, t. 8, c. 1. arranged and closed $21 million of debt financing in the form of an A/B A/B Airborne A/B Afterburner (jet engines) A/B Air Blast A/B Answerback A/B Auto-brake A/B Air Bus A/B Afterburning structure from a "one-stop-shop" portfolio lender at 88% of total cost for Kettering Tower The Kettering Tower is a skyscraper in Dayton, Ohio. The Kettering Tower was built in 1970 and currently is the tallest building in the city. Lorenz Williams Inc. is the firm who built the building. Links
* $28 Million Bridge Loan--Ground-up Condominium Development in Midtown Manhattan--Mr. Sullivan and Mr. Kerecz arranged and closed an initial six month bridge loan facility for $28 million in connection with their client's purchase of 105-107 West 57th Street and the property's transferable air rights. * $15 Million Bridge Loan--Condominium Conversion--Miami Beach--Mr. Sullivan and Mr. Kerecz arranged and closed a $15 million bridge loan for the acquisition of a beachfront beach·front n. A strip of land facing or running along a beach. adj. Situated along or having direct access to a beach: beachfront hotels; beachfront property. Noun 1. hotel located in Miami Beach. The property is currently operated as a 105-room hotel, but the client intends to reposition and expand to a 95-unit condo. |
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