Scott Singer, Andy Singer and David Krasnoff

In 2022, the commercial real estate industry encountered numerous hurdles in the process of finalizing deals and securing loans. However, amidst these challenging circumstances, Avison Young’s New York Debt & Equity Finance team remained productive and successful, closing more than $1.4 Billion of debt and equity financing assignments. The group is led by Scott Singer and Andy Singer, Principals and Co-Leads of Avison Young’s Tri-State Debt & Equity Finance, and David Krasnoff, Executive Director, and head of Avison Young’s New York Corporate Net Lease Finance team.

Andy & Scott Singer have arranged more than $20 billion of construction and permanent debt and equity financing on behalf of highly regarded New York City-based real estate family offices, developers, and institutional owners. Together, they have won the Real Estate Board of New York’s (REBNY) Most Ingenious Deal of the Year Award six times and received various other industry awards and honors. David Krasnoff sits at the top of the net lease investments field, having a banner year closing transactions in markets throughout the country, doing what he does best – advising sophisticated clients on maximizing their financing options in the niche net lease investments market. All three were members of Avison Young’s 2022 Circle of Excellence, the firm’s global mark for top producers.

Under the leadership of the Singers, the team closed numerous notable transactions in 2022, including a permanent loan for 5Pointz Towers, a 1,122-unit apartment complex in Long Island City built under the Affordable New York (ANY) program. The single-lender closing of the $350 million permanent loan brought the total financing arranged on 5Pointz by the Singers to $1 billion.

In addition to 5Pointz, the team closed a permanent loan of $230 Million for 200 Water Street in Manhattan. This transaction was the culmination of a multi-year refinancing endeavor that began with a $150 Million bridge loan in January 2020, just before the onset of the pandemic. The two financings are the fourth and fifth times the team has financed this asset in the last 25 years.

These are some of the reasons we selected Scott Singer, Andy Singer and David Krasnoff for inclusion in the 2023 Connect CRE Top Mortgage Brokers and Lenders Awards. These awards recognize industry professionals who have demonstrated the highest commercial real estate finance standards