New York, NY The Cornerstone Group of NY has arranged a total of $11.35 million in financing. In the first deal, The Cornerstone Group of NY financed a five-building package in East New York. There is much value add opportunity in East New York especially with the re-zoning plan, which allows Investors to see true potential in the market. The borrower owns a handful of properties in East New York, and requested The Cornerstone Group of NY, to arrange financing on the portfolio of properties owned. The file was handled by Cornerstone Group of NY's relationship manager Omryy Azar, where he worked directly with management to ensure that the cash-out and loan amount was up to par for ownership. Financing was arranged on the following properties: 296 Legion St., Brooklyn; 85 Dumont, Brooklyn; 101 East 59th St., Brooklyn; 737 Liberty Ave., Brooklyn; 505 Vermont St., Brooklyn. The loan amount was $2.6 million with a 4.5% rate with a five-year fixed on a 30-year amortization. The loan was arranged with a conventional bank who understood the borrower's business plan and execution. The Cornerstone Group of NY also financed a commercial co-op in Manhattan. The property was located on West 31st near the Hudson Yards. The borrower contacted The Cornerstone Group of NY to refinance the commercial co-op. The commercial co-op is 10,000 s/f with a long-term tenant in place. The loan request was $1 million with a rate of 4% with a five-year fixed with 25-year amortization. The borrower understood the true value of financing. The lender was a conventional bank geared towards establishing long term relationships. The file was handled by Russell Nova, senior vice president of the The Cornerstone Group of NY.   The Cornerstone Group of NY arranging financing for a two-floor commercial condo in a 20-unit residential building, located in Midwood section of Brooklyn. The owner retained the services of The Cornerstone Group of NY in-order to achieve a max cash-out for future real estate purchases. The retail condo has a long-term tenant, which allowed The Cornerstone Group of NY to get aggressive in terms and rates. The loan request was $3.5 million with a 4% rate on a five-year fixed with a 30-year amortization. This was a 75 LTV product. The Cornerstone Group of NY, has a great relationship with the lender and was able to negotiate aggressive terms and rates for the borrower. The file was handled by Nova, The Cornerstone Group of NY has arranged financing on a three-building package in Bed Stuy, Brooklyn. The borrower’s management contacted The Cornerstone Group of NY, to assist the borrower with cash-out specifically to vacate and rehab the properties. The file was handled by Nova and staff. The borrower's loan request was $3.5 million and specifically used to rehab and position for long term use. The Cornerstone Group of NY was able to provide the borrower with full proceeds of the request. Management of the portfolio has been great in working along with The Cornerstone Group of NY to provide the best possible option for ownership. Location of Properties were spread across Macon St., Bergen St., and Pacific St. The Cornerstone Group of NY financed a five-family in Bed Stuy located on Macon St. The borrower purchased the property in January and placed a numerous amount of renovation in the properties for a long-term play. The borrower contacted The Cornerstone Group of NY through another developer/owner which the firm had arranged financing. The file was handled by Igor Zakh, COO and staff. The borrower's request was $750,000 to recoup his investment into the property. The Cornerstone Group of NY was able to provide the borrower with 100% of his funds placed into the property. Tags: