H
ere is the rewritten text, condensed by 20%:
Lending slowed in September after a strong August, with lenders doling out less than half of the previous month's total. The top loan was a $280 million deal from JP Morgan Chase to Prestige Properties & Development for the Bay Plaza Shopping Center in Co-op City.
The top five development loans in the outer boroughs totaled $809 million, matching Manhattan's total. A mix of residential properties, including multifamily and condos, took six of the top 10 spots. Other notable deals included a hotel acquisition loan from Ramsfield Hospitality Finance for Gencom's purchase of the Thompson Central Park Hotel.
Here are the details on the largest loans:
* Strip mall: $280M | Co-op City - JP Morgan Chase provided a $280 million loan to Prestige Properties & Development for the Bay Plaza Shopping Center.
* Multifamily grab: $273M | Upper East Side, Chelsea - Bridge Investment Group provided a $273 million loan to a partnership led by gen for a distressed New York multifamily portfolio.
* Hotel haul: $230M | Midtown - Ramsfield Hospitality Finance provided a $230 million acquisition loan to Gencom for its purchase of the Thompson Central Park Hotel.
* Zaro's borrow: $165M | Bronx - MF1 Capital provided $165 million to Jacob Schwimmer's JCS Realty for One38, a mixed-use project in the Bronx.
* Condo cash: $159M | Greenpoint - Apollo Global Management provided a $159 million loan to Mack Real Estate Group and the State Teachers Retirement System of Ohio for The Greenpoint tower.
Other notable deals included:
* A $134 million loan from a Cayman Island entity to Bushburg for its purchase of the Rudin family's 80 Pine Street office building.
* A $131 million loan from Rabobank to Sprague Energy for a portfolio of industrial properties in Mott Haven.
* A $117.5 million construction loan from Maxim Capital Group to Jasper Wu's ZD Jasper Realty for a mixed-use project in Hell's Kitchen.
* A $74.4 million loan from Newpoint Real Estate Capital to healthcare facility operator CareRite Centers for a nursing home in Fort Greene.
* A $64.7 million Fannie Mae loan from Greystone to Metropolitan Realty Group for a portfolio of Harlem multifamily buildings.
