News: Brokerage

Grzebinski of Rose Hill Group arranges $16.5 million

According to Daniel Monte, president of The Rose Hill Group of WNY LTD, the team recently arranged financing for several projects throughout the region. Among the firm's recent transactions was a $16.5 million first mortgage on a 370-unit class A multifamily property in Nashua, N.H. Vice president Thomas Grzebinski II originated the financing. The property has had occupancy levels that have exceeded 95% for the past three years and is managed by a Syracuse-based firm. The property owners are repeat clients to Rose Hill Group and the financing was arranged with a national lender on a 10 year term with a 30 year amortization. According to Monte, "Our lenders have an appetite to lend on top tier properties throughout the country. Recently, Rose Hill Group has successfully arranged financing for various credit and non-credit retail tenants, including Savers and Dollar General. In addition, we have placed debt on behalf of owners for in excess of 720 multi family apartment units." RHG has an excellent correspondent relationship with Allstate Life Insurance, American Equities, CUNA Mutual (Members Capital), Lincoln Financial Group, Nationwide Life Insurance, Ohio National Financial Services, Protective Life Corporation, Security Mutual, Sentinel Investments, and Walker & Dunlop - Agencies. Our lenders have the ability to finance all property types in loan amounts greater than $1 million. RHG is also a member of Strategic Alliance Mortgage, LLC ("SAM"). SAM, established in 1998, now includes 23 independent commercial banking firms consisting of 49 offices throughout the United States. SAM members collaborate to present the most advantageous real estate capital markets execution to their clients. Members utilize a proprietary web-based system to communicate and exchange cutting-edge trends from across the country to provide their members with optimal real estate financing solutions. Collectively, SAM members originated over $75 billion of commercial real estate capital transactions since 2001 and currently service $39 billion. In an ever-changing market, SAM members offer the best lender relationships which lead to successful commercial solutions.
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