Grzebinski of Rose Hill Group arranges financing

According to Daniel Monte, president of The Rose Hill Group of WNY LTD (RHG), the RHG team recently arranged financing for several projects throughout Upstate. Vice president Thomas Grzebinski II originated three separate correspondent life insurance company loans that equaled a total of $5.225 million first mortgages. All three loans ranged from 65%-75% loan to value. The properties included a 60,000 s/f multi-tenant neighborhood retail center in the local market as well as a single tenant office building and a multi-tenant warehouse building in the Binghamton market. The property owners are repeat clients to RHG and had limited personal recourse as well as long term self amortizing financing ranging from 15 to 20 years. In addition, in the Rochester market, Grzebinski arranged the sale of two bank ATM locations (each with long term leases) and a $2.375 million refinancing of a 17,000 s/f multi-tenant retail center. A regional lender provided these repeat clients with financing on a 10-year basis with a 20-year amortization. Lastly, Grzebinski arranged a $1.543 million loan on a 54 union multi-family property in Cheektowaga. The loan was arranged via a FNME small loan program and offered a 10-year fixed rate near 4% with a 30 year amortization for this 65% leverage project. According to Monte, "Our lenders have an appetite to lend on top tier properties throughout Upstate New York as well as throughout the country, as our borrower's need. Recently, Rose Hill Group has successfully arranged financing for various credit and non-credit retail tenants, office projects, and multi family properties. We have placed debt on behalf of owners for in excess of 2,000 multi family apartment units over the past 12 months." 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, UNUM, 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.