Investors Bank Commercial Real Estate Lending Group finances $38.5 million

Investors Bank Commercial Real Estate (CRE) Lending Group completed the following commercial mortgage transactions in the borough totaling $38.5 million: * $20.5 million, adjustable rate mortgage loan to purchase a multifamily building consisting of 44 units spread over 65,000 s/f. * $18 million, fixed-rate mortgage to refinance a multifamily building with 49 units spread over 132, 012 s/f. In announcing the Bank's financing transactions, senior vice president and Head of CRE Lending Joseph Orefice said, "We have significant expertise in evaluating loans for the full gamut of commercial real estate assets from industrial buildings to office space and mixed-use properties. While Investors' CRE lending volume exceeds $2 billion annually, we continue to thoroughly review each loan application and make timely decisions on these financing requests."

Tags: Brokerage

Reprint

Previous Story Next Story

Simi Capital enters Texas with acquisition of 359,000 s/f small-bay industrial portfolio in Northwest Houston

Houston, TX Simi Capital acquired a three-property, 359,000 s/f small-bay industrial portfolio. The transaction, completed in a joint venture with Decker Capital, marks Simi

Nassimian of Highcap Group sells 260 Bleecker St. for $5.925 million

Nassimian of Highcap Grp. sells 260 Bleecker St. - $5.925m

Investment Property Realty Group closes $1.75 million sale of 1094 Hancock Street in Brooklyn

IPRG closes $1.75 million sale of 1094 Hancock St.

Chef Driven Hospitality and AI technology company Fuel Cycle complete leasing deals at GFP Real Estate’s 630 Ninth Ave.

Chef Driven Hospitality and Fuel Cycle sign leasing deals at GFP’s 630 Ninth Ave.

New REBNY analysis finds NYC Class B office visitation stabilizing

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Owners Developers & Managers

Hempstead IDA approves new leases for three retailers Green Acres Mall

Columns and Thought Leadership

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.

A guide to finding the right NYC property management company - by Sanjay Gandhi

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

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

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

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

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