Grzebinski of RHG originates a total of $26.4m for four projects

According to Daniel Monte, president of The Rose Hill Group of WNY LTD (RHG), the firm has arranged $26.4 million in financing for four projects. Thomas Grzebinski II, VP originated financing for the following: * An $8 million bridge loan was secured for a stabilized 175-bed assisted living facility known as Hilton East Assisted Living. The property is located in Hilton (Rochester). This project has benefited from a strong operating history and enjoys an occupancy rate that exceeds 90%. The Rochester-based borrower was undisclosed. Financing was arranged through a regional bank. * A $15.9 million construction loan was secured with proceeds being used to construct a 73,000 s/f life style center in North Raleigh, N.C. known as Lafayette Village. The five-building mixed-use office/retail project has visibility along Falls of Neuse Rd. and was 80% pre-leased prior to loan funding. The upstate N.Y. borrower was undisclosed. Financing was arranged through a national bank. * A $1.2 million permanent loan was secured for a 7,956 s/f development that is occupied by Kirk's Hackensack Tire. The project has visibility along River St., a major thoroughfare within the Hackensack, N.J. market. The upstate N.Y. borrower was undisclosed. Financing was arranged through a correspondent life insurance company. * A $1.3 million permanent loan was secured for a 14,112 s/f multi-tenant retail development known as Plaza 57 at Bayberry. Loan term equals 10 years with a 25-year amortization. The project was constructed in 1989 and is occupied by seven tenants. The property has visibility along Rte. 57, a major thoroughfare within Liverpool. The upstate N.Y. borrower was undisclosed. Financing was arranged through a correspondent life insurance company.