News:
Brokerage
Posted: August 16, 2016
Brick Capital Partners funds $7.5 million acquisition loan, Edery of Paradigm Commercial RE was broker
Michael Edery, Paradigm Commercial Real Estate LLCManhattan, NY Brick Capital Partners LLC, through an affiliate entity, funded an acquisition loan in the amount of $7.5 million to a private real estate investor. Located in the Murray Hill section of the borough, the collateral is comprised of two five story walk-up apartment buildings with 40 apartments. The loan included the funding for capital improvements to performed within the building as well as apartment renovations slated to have condo-like finishes. The interest only loan is for a 2-year term and was closed within one week of application in order to meet the borrower’s time of the essence closing requirement.
Michael Edery of Paradigm Commercial Real Estate was the broker.
Eric Roth, Friedman Roth Realty Services LLCAccording to Eric Roth, “this transaction is another example of our ability to complete due diligence and close loans on a highly expedited basis.”
Tags:
Brokerage
MORE FROM Brokerage
Investment Property Realty Group closes $2.175 million sale of 247 Leonard St.
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 247 Leonard St., a multi-family building located in the Williamsburg section of the city, for $2.175
 (2).gif)
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
.gif)
August Promotion
