Heller and Metcalf of PNC ARCS arrange $13m in financing for 224-unit apartments property
According to PNC ARCS, a PNC Real Estate Company, $13 million in financing has been placed for the Latham Village Apartments, a 224-unit property.
Built in 1971, Latham Village is a garden-style apartment complex adjacent to Latham Kiwanis Park. Amenities include on-site parking, laundry rooms and replaced windows.
The loan was for a 16-year term and 30-year amortization at a rate of 6.02%. The loan was originated by Steven Heller, senior vice president eastern region of PNC ARCS' Princeton office through Freddie Mac. Rowan Metcalf, vice president of PNC ARCS' Princeton office, was the loan officer.
Brooklyn, NY Investment Property Realty Group (IPRG), a New York-based commercial investment firm, has closed the sale of 1094 Hancock St., a mixed-use building in the Bushwick section, for $1.75 million.
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary