The Carlton Group continues to successfully arrange complex condominium transactions on behalf of developers across the nation. Carlton has either closed or acted as the exclusive advisor for over one billion of condo projects over the past 12 months.
Carlton possesses extraordinary overseas and domestic debt and equity capital relationships and is often capable of arranging 90% to 95% of the capital required for condo projects. This unique ability has produced an abundance of business for the company as Carlton has recently been retained as exclusive advisor for over one billion of new condominium transactions.
Some of the recent exclusives assigned to Carlton:
Carlton's Chairman Howard L. Michaels and Steve Fenster are in the process of arranging approximately $300 million of floating rate financing for the acquisition and condominium conversion of three magnificent and virtually brand new Class A apartment communities located in Orlando and Coconut Creek.
Carlton's Chairman Howard L. Michaels is arranging approximately $250 million of joint venture equity and debt financing for the ground-up development of a fully approved 40-story condominium project located in the Tribecca section of Downtown Manhattan.
Carlton's Chairman Howard L. Michaels is arranging $400 million in senior and mezzanine financing for the acquisition and conversion of a 1,800 unit apartment complex in South Beach. The project will be the most significant condominium conversion opportunity in all of South Beach.
Carlton's Chairman Howard L. Michaels and Neil Bane are in the process of arranging approximately $200 million of floating rate financing for the condo conversion of a Class A luxury residential apartment tower located in Downtown Manhattan.
Carlton's Tom McCarthy is arranging $110 million of equity and debt financing on behalf of a major developer for the ground-up development of two contiguous luxury condominiums in Brickell Village, Miami. The first development will consist of 125 condominium units while the second development will be built as a 137-unit condominium project.
Carlton's Brendan Sullivan, Charles Kerecz and Kenneth Herzberg will arrange a $50 million revolving construction loan facility in connection with the ground-up development of a condominium/hotel and spa located in Montego Bay, Jamaica.
Carlton's Ruth Barone and Chandler Conrad are arranging $23 million of preferred equity financing for a ground-up condo development in Fort Myers, Florida. The development will consist of 374 condominium units, 66 condo-hotel units, 131 marina slips, 33,000 ft² of retail space and 731 parking spaces.
Source: Carlton
