Edery of Paradigm Commercial closes five loans totaling $30 million

Bronx, NY According to Paradigm Commercial Real Estate LLC, Michael Edery of Paradigm completed the closing of five loans totaling $30 million. The loans were secured by 20 mom-and-pop retail centers, located throughout the borough and Westchester.

The properties, many of which are occupied by small, single tenants, including an on-site dry cleaners, are owned by a Connecticut-based family, which owns close to 150 such properties. Among the assets are 1768-1770 Westchester Ave. and 482 South Broadway in Yonkers.

 This loan package, combined with prior loans secured by properties of similar nature, that Paradigm has closed for the same borrower a few months prior to this writing, totals just under $80 million in loan closings for this borrower.

These loans, which were provided by a regional bank, and are all fully non-recourse, featured PAR pricing, on a 30-year amortization schedule.

Paradigm Commercial Real Estate LLC was formed to service the growing and constantly diversifying needs of the real estate community across the country. In that we act as intermediaries, and are engaged and paid by the client, it is our endeavor to push and search as hard as possible, until we are able to insure that our client will be 100% satisfied with the loan that we will be providing. Since we are brokers with a consistent flow of high quality deals, it gives us the ability to leverage the relationships we cultivate over time, to the advantage of our clients.