Get the scoop on the $150M industrial portfolio acquisition deal.

TLDR:

• A $150 million loan was provided for the acquisition of a six-state industrial portfolio.
• Other notable deals include a $106 million loan for affordable housing in NYC and a $122 million loan for hotel conversion in Long Beach.

In the week of Feb. 26 to March 1, several significant finance deals were closed or announced. The top deal was a $150 million loan from Affinius Capital to Ares Management for the acquisition of a six-state industrial portfolio. In addition, New York City provided $106 million for a 100 percent affordable housing development in west Manhattan by Douglaston Development and Entertainment Community Fund. Another notable transaction was the $122 million refinancing and conversion of an iconic hotel in Long Beach, California, into residences.

Other deals included $89 million from Columbia Pacific Advisors and Nuveen Green Capital for a six-building mixed-use project in Seattle, $65 million from 3650 REIT for a residential property in New York, and more. Finance Deals of the Week showcases various financing transactions and offers the opportunity for information on financings to be sent to editorial@commercialobserver.com.