Signature, CCRE Lend $88M on Delshah’s $102M Acquisition of 28 Silvershore Assets

Silvershore Properties has officially closed on the sale of 28 multifamily properties to Delshah Capital for $101.7 million. Delshah secured $88 million in senior and mezzanine acquisition financing from Signature Bank and CCRE, sources told Commercial Observer.

Delshah Lands $103M construction financing for its DoBro tower

Delshah Capital has landed $102.5 million in construction financing for its first ground-up development in Brooklyn.

Michael Shah Talks His New Projects, Toledano and Why He ‘Loves’ This Retail Market

By now, Michael Shah’s origin story is well known in real estate circles. Twelve years ago, at the age of 28, the Harvard Law School graduate quit his gig at Midtown-based business law firm Wachtell, Lipton, Rosen & Katz after growing fed up with the demands of the job.

Delshah Purchases Lower East Side Apartment Building for $19M

Delshah Capital has scooped up a Lower East Side walkup at 138 Ludlow Street, Commercial Observer has learned.

Delshah Capital Skirts Multimillion-Dollar Rent Credits Bill With Free People

After Free People was delayed in opening its Meatpacking District store by roughly a year, the retail company demanded that its landlord provide $3.2 million in free rent based on a lease provision.

Delshah close to securing $130M construction loan for Morningside project

Michael Shah’s Delshah Capital entered into a non-binding contract for a $130 million construction loan​ to finance a five-building project in Morningside Heights, the company reported on the Tel Aviv Stock Exchange.

Delshah raises $52M in Tel Aviv for $250M Morningside Heights project

Israeli road show veteran Micheal Shah raised $52 million in a bond issuance on the Tel Aviv Stock Exchange to finance a $250 million redevelopment project in Morningside Heights.

Delshah seeks $50M in EB-5 funds for Morningside Heights rental project

Michael Shah tapped the Israeli bond market to help finance his acquisition of a former hospital site in Morningside Heights earlier this year. Now, he’s turning to Chinese investors to fund the conversion of that property into 205 rental apartments.

Delshah closes on $112M assemblage in Morningside Heights

Five months after raising $102 million on the Israeli bond market, Michael Shah’s Delshah Capital scooped up five adjacent Beaux Arts buildings in Morningside Heights.

Delshah closes on $112M assemblage in Morningside Heights

Five months after raising $102 million on the Israeli bond market, Michael Shah’s Delshah Capital scooped up five adjacent Beaux Arts buildings in Morningside Heights.