Grzebinski of Rose Hill Group secures $1.88 million in permanent financing

According to Daniel Monte, president of The Rose Hill Group of WNY LTD (RHG), the firm has arranged $1.88 million in permanent financing for a newly built retail store located in the city's business corridor. Thomas Grzebinski II, vice president arranged the financing through a correspondent life insurance company that provided a 12 month rate locked forward loan commitment. The 11,598 s/f development was recently completed and is fully occupied by Kinney Drugs. The project has high visibility along Rte. 481, a major thoroughfare within this market. A grand opening was held recently. RHG's Upstate correspondent life company lenders include AIG, Allstate Life Insurance Company, American Equities, CUNA Mutual / Members Capital, Delaware Investments (Jefferson Pilot), Genworth Financial, National Life of Vermont, Nationwide Life Insurance Company, Ohio National Financial Services, and Protective Life Corporation. RHG is a member of Strategic Alliance Mortgage, LLC ("SAM"). SAM, established in 1998, now includes 20 independent commercial banking firms consisting of over 40 offices with more than 156 mortgage originators in the United States. SAM members collaborate to present the most advantageous real estate capital markets execution to their clients. Members utilize a web-based proprietary 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 $13 billion of commercial real estate capital transactions in 2007 and service in excess of $30 billion of commercial mortgage loans.