While the third quarter of 2023 was filled with continued uncertainty in the commercial real estate market, the Murphy Schiller & Wilkes (MSW) transactional team remained busy, helping our clients navigate difficult markets, both locally and nationally.

In Q3 2023, the firm represented the following:  

• Private equity fund in connection with modification of $96,000,000 loan for a mixed-use medical office/multifamily building in San Francisco, CA.
• Developer in connection with obtaining a $90,000,000 tax credit award under the Aspire Tax Credit Program for a 14-story, 350-unit multifamily development in Newark, NJ.
• Lender in connection with the modification of a $57,000,000 loan for an office building in Arlington, VA.
• Developer in connection with obtaining a $49,500,000 tax credit award under the Aspire Tax Credit Program for a multifamily development in Newark, NJ.
• International bank in connection with a $23,500,000 construction loan for a multifamily residential building in Essex County, NJ.
• Seller in connection with the $22,000,000 sale of a hotel in Louisville, KY.
• Lender in connection with a $20,000,000 junior mezzanine loan in connection with multifamily development in Harrison, NJ.
• Developer in connection with an $18,400,000 permanent financing for an industrial building in Mercer County, NJ.
• Purchaser in connection with $11,000,000.00 acquisition and financing of industrial building in Piscataway, NJ.
• Seller in connection with the $8,350,000.00 sale of a hotel in Stillwater, OK.
• New Jersey bank in connection with a $5,675,000 refinance of a portfolio of Philadelphia, PA multifamily assets.
• Lender in connection with a $4,225,000 mortgage and leasehold improvement loan for a single-tenant property in Morris County, NJ.
• International bank in connection with a $3,525,000 mortgage loan for a New York Industrial Development Agency backed project in Hudson, NY.