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Carlton secures over $2b in equity and debt assignments.

Carlton Advisory Services' Chairman Howard L. Michaels announced that his company has been hired as exclusive equity and debt advisor for the acquisition, refinancing and construction of over $2 billion of prime real estate assets covering all major property classes.

Among the assignments, many being transacted on behalf of some of the most active real estate developers and entrepreneurs in the nation, are:

* $200 Million of Preferred Equity Financing--Premier Manhattan Office Building--Carlton, as exclusive advisor to a developer, is in the process of arranging preferred equity financing for a premier 2-million-square-foot office building situated in a prime area of Manhattan.

* $450 Million of Acquisition & Construction Financing--Multiple Hotel Assets--Carlton, as exclusive advisor to an international hospitality developer, is arranging acquisition and construction financing as well as joint venture equity for a major hotel company. The capital package will enable the client to develop several branded hotels aggregating to over 800 keys in New York and Canada.

* $150 Million of Condominium Conversion Financing--South Beach Condos--Carlton, as advisor to a national hotelier, is in the process of arranging condominium conversion financing for a South Beach hotel.

* $200 Million of Debt & Equity-Luxury Chicago Condominium Development--Carlton, as exclusive advisor to a national developer, is in the process of arranging acquisition and construction financing for a luxury condominium development in the heart of downtown Chicago.

* $165 Million of Senior Mortgage Financing--Three Luxury Resort Projects--Carlton, as advisor to a luxury resort spa owner and operator, is arranging senior mortgage financing for three luxury resort projects. The first project is to acquire and reposition a luxury resort in California, the second is to redevelop a 10-acre spa in Bermuda and the third is to develop a 128-acre site in Hawaii.

* $62 Million of Construction Financing--Prime New Jersey Mixed-Use Oceanfront Development--Carlton, as advisor to a New Jersey developer, is arranging $62 million of construction financing for a prime oceanfront, mixed use development in New Jersey.

* $48 Million of Debt & Equity--Luxury Mixed-Use Development in New York--Carlton has been retained to arrange approximately $48 million of acquisition and construction financing for of a mixed-use development in Saratoga Springs, NY.

* $13 Million of Acquisition & Renovation Financing--Single Family Townhouse in Manhattan--Carlton, as advisor to a New York residential developer partnership, is seeking a one-year, non-recourse loan for the acquisition, renovation and conversion of a property into a single-family occupancy.

* $6 Million of Senior Mortgage Financing--New Jersey Warehouse and Industrial Building--Carlton has been retained to arrange fixed and/or floating rate financing for a New Jersey warehouse and industrial building.

"It is a pleasure to work closely, and on an exclusive basis, with these highly successful owners and operators," concluded Mr. Michaels.
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Title Annotation:Carlton Property Group Ltd.
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Apr 6, 2005
Words:438
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