Deerwood Real Estate Capital arranges two loans totaling $11.2 million
Deerwood Real Estate Capital has arranged two loans totaling $11.2 million. Deerwood secured $10 million in financing for a 132,400 s/f retail property, anchored by H Mart. Deerwood founding partner Abe Katz negotiated a fixed rate on a 20-year, self-amortizing loan, through a local N.J. bank. Also secured was a $1.2 million loan for a 32-unit multifamily property in Philadelphia, Pa. Deerwood's Jack Coopersmith negotiated a 4.75% interest rate on a five-year loan with 30-year amortization through a local bank. The property, located in the North Lawn section, was recently rehabbed and is subject to a HAP contract.
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 723 6th Ave., a mixed-use building located in the Greenwood Heights section of the city, for $2.65 million.
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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
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.