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New York & Tri-State  + Midtown New York  + Finance  |  January 20, 2022
Paul Bubny
By: Paul Bubny

Newly Launched White Oak Real Estate Capital Lends $146M in Q4

White Oak Real Estate Capital (WOREC), an affiliate of Midtown Manhattan-based White Oak Global Advisors, said Thursday that it originated $145.75 million of loans in the multifamily and self-storage sectors during the fourth quarter of 2021. These announcements follow WOREC’s launch last July. 

The deals within the transactions include: 

  • A $52.5-million senior loan to The Aurora, a 126-unit residential high rise at 554-556 Third Ave. in Midtown’s Murray Hill neighborhood. 
  • A $30-million construction loan to Manhattan Building Company and its 80-unit multifamily project at 40 Center St. in Jersey City. 
  • Two separate loans of $41.35 million and $21.90 million for the development of Class-A self-storage facilities in Los Angeles for 1784 Capital Holdings. 

“Since launching last July, WOREC has been significantly expanding its lending activity in the commercial real estate market by offering meaningful and bespoke solutions across the capital structure,” said Andre Hakkak, CEO at WOGA.  

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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