Harbor Group International and Azure Partners landed $110 million in financing for their purchase of Eaves Nanuet, a 504-unit multifamily community located in the town of Nanuet in Rockland County, N.Y., Commercial Observer can first report. The five-year acquisition loan was provided by New York Community Bank. Meridian Capital Group’s Moshe Majeski, Abe Hirsche and Zev Karpel of the brokerage’s New York office negotiated the debt, which carries carries a fixed-rate of 3.13

Atlanta is certainly living up to its nickname, Hotlanta. Or at least its debt markets are. ACORE Capital has provided a $66.8 million mortgage for The Ardent Companies’ purchase of the Fountains at Piedmont Center, a four-building office portfolio, sources have told Commercial Observer. “The borrower is a high-quality local sponsor with a sound business plan for a quality asset in Atlanta’s premier office market,” Tony Fineman, a managing director at ACORE, said through a sp

Since the collapse of the housing market in 2008-2009, minorities in the U.S. have been hit disproportionately hard by lenders who are giving mortgages only to the strongest borrowers. The housing crash continues to have repercussions in the minority-owned small business community, for which business loans are increasingly unavailable. Frequently, these groups of excluded borrowers refer to non-white, non-immigrant citizens with marginal to severe credit woes. In conjunction,

Don’t lose all hope on marketplace lending yet. Silicon Valley just made a big bet on one startup. Silicon Valley’s leading venture capital firm Andreeesen Horowitz invested $15 million in PeerStreet, a marketplace for secured real estate loans. PeerStreet was founded in 2013, by former Google employee Brett Crosby and former real estate attorney Brew Johnson, who oversaw the sale of travel website VirtualTourist to Expedia/TripAdvisor for $85 million. The Manhattan Beach, CA