According to reporting from Bisnow’s Ciara Long, New York City’s multifamily sales market is turning a corner. Read more below for our own Daniel Ridloff’s thoughts on the “plethora of opportunities” seeking financing across NYC’s submarkets. https://lnkd.in/eZf3eZPD
About us
Slate Property Group is an owner, operator, developer and lender, primarily focused on multifamily in the New York metropolitan area. From adaptive reuse and repositioning of existing assets to ground-up development and lending, Slate’s dedicated team of more than 115 employees leverage extensive experience in the multifamily asset class. Over the last decade, Slate has invested in excess of $6.5 billion across equity and debt, with a current portfolio of 50 investments.
- Website
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http://www.slatepg.com
External link for Slate Property Group
- Industry
- Real Estate
- Company size
- 11-50 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2013
- Specialties
- Real Estate Development, Real Estate Acquisitions, Property Management, Condo Conversions, Redevelopment, Construction, Real Estate Investments, and Asset Management
Locations
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Primary
Get directions
440 Park Ave S
3rd Floor
New York, NY 10016, US
Employees at Slate Property Group
Updates
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Our own David Schwartz recently shared thoughts with Gothamist on the future of New York’s HONDA program and Slate’s plans for Baisley Pond Park. Read more below about this exciting project.
No one said converting hotels into affordable housing would be easy, but now that Slate Property Group and RiseBoro Community Partnership have established the model at Baisley Pond Park, you’re going to see more and more of these projects being delivered. We’re proud to blaze the trail. https://lnkd.in/eBr_vjmz
A hotel row in Queens is getting a new look. New affordable housing is part of the mix.
gothamist.com
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With banks stepping back, SCALE Lending has stepped in. Utilizing our expertise to seize the moment, we’ve provided ~800M in loan originations over the past six months alone. Martin Nussbaum joined Bloomberg TV to discuss how the lack of institutional capital is impacting the market and creating new opportunities. https://lnkd.in/eE7jtwJ7
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Our SCALE team continues to build on this year’s strong momentum, closing on $150 million financing that will be used to complete 120 East 144th Street, a 450-unit multifamily property in The Bronx’s Mott Haven neighborhood. Thanks to Brian Pascus and Commercial Observer for covering the news. https://lnkd.in/e3S25qiK
Scale Lends $150M to Finish Bronx Multifamily Property
https://commercialobserver.com
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As a lender that invests throughout the capital stack, we’re seeing an opportunity emerge in the sourcing of construction debt due to the absence of regional and national bank lenders that have historically provided this type of financing. Thanks to Real Estate Capital USA for the coverage. https://lnkd.in/eAuvRWUM
Slate identifies growing construction completion niche
recapitalusa.com
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We’re thrilled to be named 2023 Construction Lender of the Year (sub-$100M) by Real Estate Capital USA. Our origination of bridge and construction loans throughout the current downturn earned us this recognition as a “key lender in 2023”. Thanks to REC USA: https://lnkd.in/enY7f-3H
Meet the 2023 Awards winners
recapitalusa.com
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SCALE issued a $140M construction loan for Clipper Equity’s 354-unit multifamily project at 2366 Bedford Ave in Flatbush, marking $400M in closings in the past 60 days. Thanks to Brian Pascus and Commercial Observer for covering the news. https://lnkd.in/gF2-4g3u
Scale Lending Makes $140M Construction Loan on Brooklyn Multifamily Building
https://commercialobserver.com
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Slate Property Group reposted this
Thrilled to announce that along with our partners, Grobman Gross Properties, Slate has secured $97 million from Apollo Global Management, Inc. to refinance The Yellowstone, our luxury multifamily apartment building in Forest Hills, Queens. Thanks to Commercial Observer for covering the news.
Slate Property Group, together with partner Grobman Gross Properties, has secured $97 million to refinance The Yellowstone, a 166-unit, luxury multifamily apartment building in Forest Hills, Queens. Apollo Global Management, Inc. provided the five-year, fixed-rate loan. Newmark's Daniel Fromm represented the sponsors on the deal. #CommercialRealEstate
Apollo Global Real Estate Provides $97M Refi for Queens Luxury Multifamily
https://commercialobserver.com
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Thrilled to announce that along with our partners, Grobman Gross Properties, Slate has secured $97 million from Apollo Global Management, Inc. to refinance The Yellowstone, our luxury multifamily apartment building in Forest Hills, Queens. Thanks to Commercial Observer for covering the news.
Slate Property Group, together with partner Grobman Gross Properties, has secured $97 million to refinance The Yellowstone, a 166-unit, luxury multifamily apartment building in Forest Hills, Queens. Apollo Global Management, Inc. provided the five-year, fixed-rate loan. Newmark's Daniel Fromm represented the sponsors on the deal. #CommercialRealEstate
Apollo Global Real Estate Provides $97M Refi for Queens Luxury Multifamily
https://commercialobserver.com
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SCALE has been hyperactive in Jersey City – providing $700M in financing, most recently lending $243M to a pair of apartment buildings planned by the Namdar Group in Journal Square. The Real Deal reports on the development boom occurring in the Garden State. https://lnkd.in/ejJ7k6tv
Jersey City Development Boom Helps State Outbuild New York
therealdeal.com