News:
Brokerage
Posted: November 24, 2014
Investors Bank arranges $21 million for 43,215 s/f multifamily property
As Investors Bank expands its operations within the Northeast and Middle Atlantic regions, the commercial real estate (CRE) lending group is providing commercial mortgage financing for properties located in a wider geographic area.
The bank's CRE lenders recently completed a $21 million, adjustable rate mortgage loan for 210 North 12Âth St. The loan was used to refinance the 43,215 s/f multifamily property with 42 units.
Senior VP and head of CRE lending Joseph Orefice said, "As Investors expands its retail banking footprint, we are building relationships with property owners in new regions. While we are one of the top multifamily lenders in New York City, we now expect to establish our brand in a wider range of markets." Âth Street - Brooklyn, NY
Tags:
Brokerage
MORE FROM Brokerage
Delisle and Monahan of Island Associates lease 45,000 s/f to Giunta’s Meat Farms at Strathmore Commons
Middle Island, NY Roger Delisle and Robert Monahan of Island Associates negotiated the lease for the Giunta’s Meat Farms to occupy 45,000 s/f at Strathmore Commons.
.jpg)
Quick Hits
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
.gif)