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FC Barcelona’s Braithwaite, NYCE CEO Michael join Cortenraede to Launch Community-Owned Real Estate Fund
Today, Philip Michael, CEO of NYCE, and his business partner FC Barcelona striker, Martin Braithwaite, team up with Danny Cortenraede, CEO of InStudio Ventures, to launch a tech-powered real estate fund, NYCE IMPACT, to power $500 million in community-owned deals.
On the heels of a record-setting raise, fintech NYCE is joining forces with Cortenraede, CEO of InStudio Ventures, an early stage seed fund which invests and builds the next generation of sports, media and tech companies. In addition, Cortenraede is also Co-Founder & Partner of Wannahaves, a leading digital agency powered by its platform 433, the largest online content creator with 55M followers across its digital assets and 5B views per month.
MORRISTOWN, NJ - JLL Capital Markets announced today it has arranged a $46.5 million construction loan for the development of Fishtown Kensington Village, a 297-unit multi-housing property located in Philadelphia, Pennsylvania.
JLL worked on behalf of the borrower, an affiliate of Saxum Real Estate Companies, LLC (“Saxum”), to secure the three-year construction loan through the lender, Valley Bank. Saxum has broken ground in conjunction with the closing of the construction financing. Project completion and lease-up commencement is anticipated in the summer of 2022.
The luxury development will include 297 units consisting of 25 artist lofts, 57 studios, 197 one- and 18 two-bedroom units. All units will include in-home washers and dryers, spacious walk-in closets, luxury vinyl tile, gourmet kitchens with stainless steel appliances, ceramic tile backsplashes and quartz countertops. Community amenities will total 10,442 square feet and consist of a co-working café, two club room
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JLL Capital Markets has arranged a $46.5 million construction loan for the development of Fishtown Kensington Village, a 297-unit multi-housing property located in Philadelphia, Pennsylvania.
JLL worked on behalf of the borrower, an affiliate of Saxum Real Estate Companies, LLC, to secure the three-year construction loan through the lender, Valley Bank. Saxum has broken ground in conjunction with the closing of the construction financing. Project completion and lease-up commencement is anticipated in the summer of 2022.
The luxury development will include 297 units consisting of 25 artist lofts, 57 studios, 197 one- and 18 two-bedroom units. All units will include in-home washers and dryers, spacious walk-in closets, luxury vinyl tile, gourmet kitchens with stainless steel appliances, ceramic tile backsplashes and quartz countertops. Community amenities will total 10,442 s/f and consist of a co-working café, two club rooms, an industrial kitchen, lounge, two rooftop te
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