News:
Brokerage
Posted: December 9, 2014
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
MORE FROM Brokerage
Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence
New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
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,
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
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
