Articles from Eldridge Real Estate Credit

Vanbarton Group, a privately owned, vertically integrated real estate development, investment, and advisory firm, today announced the acquisition of 1011 First Avenue for $103,000,000 from The Roman Catholic Archdiocese of New York. The loan is being provided by Eldridge Real Estate Credit, the real estate investing strategy of Eldridge Capital Management. The 20-story, nearly 400,000 square foot property has been the headquarters for the Archdiocese since 1973, and was known as the Cardinal Terrence Cooke Center. Vanbarton plans to convert the building into a 26-story, 420-unit luxury residential property, which includes 105 affordable housing units, nearly 8,000 square feet of retail at the base, and over 55,000 square feet of amenities.

Eldridge Real Estate Credit today announced the provision of around £100m debt facilities to Vita Group for the development and construction of a 591-unit purpose-built student accommodation (“PBSA”) scheme in Glasgow, United Kingdom.

Eldridge Real Estate Credit and Hillwood today announced the provision of two debt facilities for the development and construction of industrial units in Swanley and Park Royal, UK. These transactions total over £57.6 million, and they mark the second and third financings between Hillwood and Eldridge Real Estate Credit.

Greystar, a global leader in the investment, development, and management of high-quality real estate across the living sector, has announced the acquisition of a development site for 458 apartments for its growing flexible living platform in Madrid, Spain, from Bermejo & Williamson Real Estate (“BWRE”). Permits have been secured from the municipality along with a €56.1 million construction loan from Eldridge Real Estate Credit.

Eldridge Real Estate Credit today announced the provision of a £96.7 million loan to Morar Care Group, in partnership with Simply UK, a leading care home developer and operator headquartered in Glasgow, to support the refinancing and development of premium care facilities across Scotland and South East England.

Eldridge Real Estate Credit today announced the provision of debt facilities of over £200m to Vita Group for the development and construction of a 1,068-unit purpose-built student accommodation (“PBSA”) scheme in Canary Wharf, London.