Pyramid pulls in $200M in financing for Crossgates retail properties 
Pyramid Management Group is going through hard times with much of its portfolio, but it received a lifeline for its Crossgates properties in New York. Pyramid landed more than $200 million in financing for a pair of retail properties, the Times Union reported. The financing is split between $193 million for the Crossgates Mall in Guilderland and $13.8 million for the Crossgates Commons shopping center in Albany. Both of the deals take the form of five-year finance loans. The developer said in a release announcing the deal that the financing “enables Pyramid to reinvest in the properties, ensuring their vitality, […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Deals, debt and Epstein’s ties to the industry
The Daily Dirt: A tax exemption for rent-stabilized
portfolios hasn’t been so helpful
Maimonides Medical Center sells for $151.9 million.
We Buy Houses Bowie, MD: Top 5 Companies
What Does It Mean When the Appraisal Comes in Higher Than
Your Offer?
How to Pack for a Move In a Month: Your Room-by-Room
Plan
How to Pack for a Move In a Hurry: A Fast Track to
Success
Rent Spikes are a Thing of the Past—But Investors Can Look
Forward to a Stable Multifamily Market Instead
Why Investors Are Feeling Increasingly Positive About the
Multifamily Market
A New Fed Chairman is Coming Soon—Here’s What Their
Potential Low-Rate Policy Will Mean For Investors
