Lantern Real Estate Advisors + Partners

'Office is dead!' - People who couldn't finance a lemonade stand right now Meanwhile, we just closed a $100M office refi. Funny how competence beats complaining... ?? Great job David Strongwater!

Lantern's Capital Markets team arranged a $12,250,000 loan for Elk Homes to refinance Colonial Court located at 8 Boulevard W, Pelham, NY. Situated just a few blocks from the Pelham MTA station, this multifamily property includes 16 spacious units totaling 30,521 NRSF. Designed with high-end finishes throughout, this asset offers its residents' premium amenities such as covered parking, a private gym + a full-service on-site pet spa. #Lantern #RealEstate #CapitalMarkets #ElkHomes #Refinance

We’re grateful to the LinkedIn community for giving us a space to celebrate our successes, this one is special… Tecovas embodies the spirit of the American West, so finding a location rich in history was key. For generations, California kids have cherished field trips to the Missions, iconic remnants of the Old West. Established in 1776, Mission San Juan Capistrano became a hub for agriculture, ranching, + religious conversion. As Manifest Destiny + the railroad spurred growth, the Mission remained a symbol of California’s evolving identity + its past. Respecting this weighty history, River Street Marketplace was thoughtfully developed on this storied land. A few short miles from John Wayne’s Rancho Pavoreal, we are proud to have contributed to the expression of what California means to Tecovas, + open one of their newest homes at this location. Thank you to the Tecovas team for being pioneers. A special thanks to Dan Almquist, Tom Carpenter + Harrison Taylor at ALMQUIST for their assistance through this process. Congratulations to the entire Tecovas team on another successful store opening. #SanJuanCapistrano #OrangeCounty #Tecovas #LanternRealEstate #RiverStreetMarketplace

Lantern’s Leasing team represented David Yurman in opening their newest home in Bellevue, WA. This 2,088 SF storefront at Bellevue Square marks the brand’s first-ever location in the Pacific Northwest. A big congratulations to the David Yurman team on another successful opening. #DavidYurman #Seattle #Bellevue #BellevueSquare #LanternRealEstate #PacificNorthWest

Last week, Lantern Real Estate held its annual company retreat in Washington, D.C. The retreat was a mix of learning + connection, including visiting the city's iconic monuments, team meetings + dinners, fitness classes, + a tour of Union Market led by EDENS + Molly Bance. We believe that strong relationships within our team translate into even stronger results in our work. We are grateful for the experiences, insights, + time together, + are already looking forward to next year's retreat.?#LanternRealEstate #TeamBonding #WashingtonDC #UnionMarket

Lantern’s Capital Markets team closed a $100,000,000 refinance of 14 Penn Plaza, a premier 551,000 SF office building directly across from Penn Station, on behalf of Jay Futersak of CIRCLE REALTY GROUP LLC. 14 Penn Plaza’s convenient location + distinctive Art Deco design, complimented by modern upgrades, continues to attract + retain high-quality tenants, reinforcing its strong market position. In a challenging lending environment for office assets, this competitive bank financing represents a major wave in the tide turning for both the NYC office market, as well as the office financing market in general. It was a pleasure working with Circle Realty, as well as Cynthia Wang + Howard Hsu at Apple Bank, on this successful transaction. ? Lantern remains active in the office sector, structuring creative financing solutions that secure the best terms for our clients. Reach out to [email protected] to learn how we can add value to your next transaction.

Last month, we welcomed Hannah Murphy to the Lantern team as a Leasing Associate. Hannah brings three years of residential sales + leasing experience to the team. We're happy to have you on board, Hannah Murphy! #LanternRealEstate #Team #NewHire #RetailLeasing

Lantern's Capital Markets team arranged a refinance + inventory loan for The Belnord. Situated in the heart of Manhattan’s Upper West Side, this prestigious residential asset encompasses 211 units across 499,226 NRSF, of which a portion were collateralized by the loan. The Sponsor will continue unit renovations and convert the existing rental units into for sale condos. The loan includes various facilities, offering both traditional mortgages and lines of credit, providing the flexibility for the Sponsor to execute their business plan + sell portions of the collateral over time.

Lantern's Leasing team represented Princess Polly in securing their first Bay Area storefront. This 4,374 SF store is located in Santa Clara, CA at the premier shopping destination Westfield Valley Fair. Their new location is the fourth in their California portfolio + expands Princess Polly’s California footprint into the San Jose MSA.?Thank you to John Miller + his team at Westfield; it was a pleasure to work with you. Congratulations to all involved in making this happen! #LanternRealEstate #WestfieldValleyFair #SantaClara #California #PrincessPolly?