News & Media

Manhattan, NY Max Garelick has joined Lorimer Capital as director, credit & underwriting. In this role, Garelick will lead the firm’s credit and underwriting platform, overseeing the evaluation, structuring, and execution of lending opportunities as Lorimer Capital continues to expand its bridge, construction, and mezzanine lending business throughout the eastern U.S.

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Lorimer Capital, a commercial real estate lending platform, announced that Max Garelick has joined the firm as Director, Credit & Underwriting. In this role, Garelick will lead the firm’s credit and underwriting platform, overseeing the evaluation, structuring, and execution of lending opportunities as Lorimer Capital continues to expand its bridge, construction, and mezzanine lending business throughout the eastern United States.

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KABR Group has secured a $63 million loan backed by a 147,318-square-foot creative office building in Jersey City, N.J., according to Yardi Matrix information. Lorimer Capital originated the loan.

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A historic industrial warehouse turned commercial hub in Jersey City, N.J., has landed a $63 million loan to stabilize the property and whip up new leases.

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Lorimer Capital, a commercial real estate lending platform, announced the closing of a $72-million construction loan secured by 83 Wythe Ave., a to-be-built, approximately 187,000-square-foot, 13-story mixed-use development in Williamsburg, Brooklyn.

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Lorimer Capita announced the closing of a $72 million construction loan secured by 83 Wythe Avenue, a to-be-built, approximately 187,000-square-foot, 13-story mixed-use development in Williamsburg, Brooklyn.

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Brooklyn, NY Lorimer Capital closed a $51 million construction loan secured by 29 Wythe Ave., a to-be constructed 126,500 s/f, four-story mixed-use development which will include retail, entertainment, hospitality and covered parking in Williamsburg. The project is being developed by Double U Development, led by principals Jay and Michael Weitzman. Richard Sutton of Parallel CRE arranged the financing.

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Lorimer Capital closed on a $51-million construction loan secured by 29 Wythe Ave., a 126,500-square-foot, four-story mixed-use development in Williamsburg, Brooklyn. The project is being developed by Double U Development, led by principals Jay and Michael Weitzman. Richard Sutton of Parallel CRE arranged the financing.

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The developer sealed $51 million of construction financing to build a retail development in Williamsburgh, Brooklyn, that will include a trampoline park, Commercial Observer has learned.

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Lorimer Capital has hired Connor Lopes to the role of managing director of asset management. Lopes will oversee the company’s portfolio performance, risk management and loan servicing.

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Seasoned asset manager joins team of industry veterans to strengthen portfolio oversight and growth.

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This new commercial real estate lending platform specializes in first mortgage and mezzanine bridge and construction loans across the eastern United States.

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Launch of Lorimer Capital, a new commercial real estate lending platform specializing in first mortgage and mezzanine bridge and construction loans across the eastern U.S.

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The debt vehicle has $250 million already on the market and hopes to double its assets over the next year.

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New Firm Enters Real Estate Financing Market with ~$250 Million Loan Portfolio and Extensive Pipeline.

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