New York City

Following on last week’s announcement that sporting goodsretailer REI would open its first New York City location at thePuck Building, Holliday Fenoglio Fowler announced this week that ithas arranged an $80-million first mortgage financing for thehistoric 265,000-square-foot, office and retail building at 295Lafayette St. Working on behalf of borrower Kushner Cos., HFF’sMike Tepedino, Jose Cruz and director Steven Klein placed theadjustable-rate loan on the property, the onetime home ofPuck, America’s first political satire magazine. HFF didnot disclose the lender; however, city Department of Financerecords identify it as the Bank of Ireland.

Arbor Commercial Funding has originated a $4.6-million loanunder the Fannie Mae 3Max product line for the 655 East 233rdStreet Apartments in the Bronx. The 10-year loan amortizes on a30-year schedule. The loan was originated by Brian Scharf inArbor’s Uniondale, NY office.