Carlton Arranges Big Financing for HFZ Buy at the Chatsworth Apartments in Manhattan
January 16, 2013
Carlton Chairman, Howard L. Michaels, has advised prominent developer Ziel Feldman, head of HFZ Capital and their partner BSG Real Estate, to acquire the Chatsworth, a beaux-arts rental building at the corner of 72nd Street and Riverside Drive. This noteworthy closing contributed to the over $5 billion of highly structured debt and equity transactions which Carlton closed in 2012.
The Chatsworth, which features a distinctive russet facade and overlooks Riverside Park, is a gorgeous luxury apartment building which will afford Mr. Feldman and his partner steady returns.
Within the last two years Carlton has raised well over $2 billion of debt and equity strictly to facilitate large apartment acquisitions for its clients both in Manhattan and throughout the United States. The firm typically raises generous senior finance amounts and can arrange up to 95% of the equity capital which is required to facilitate the transaction. Carlton specializes in organizing multi-tiered capital structures to generate the best possible capital stack for our clients. On Chatsworth, Carlton was able to arrange a very attractive finance structure for HFZ which facilitated this noteworthy acquistiton.
Carlton is led by Chairman Howard L. Michaels who has led the Carlton companies for over 20 years, consummating approximately $100 billion in transactions. For further information regarding Carlton’s services, please feel free to contact Carlton Chairman, Howard L. Michaels.