News: Finance

Pergolis Swartz Associates completes 18 financing deals totaling $73.93 million; includes $16 million by Harrington

According to Pergolis Swartz Associates Inc., it has completed 18 financing transactions totaling $73.93 million. Details of the transactions are: $1.53 million in permanent financing was arranged by Ayush Kapahi and Jerry Swartz for a mixed use property on 9th Ave. A $2 million "B" loan was obtained by Barry Swartz for a retail building leased to Walgreen's and Mandee's located on East Tremont Ave. in the Bronx. $8 million in permanent financing was negotiated by Barry Swartz for two six-story walk up apartment buildings on West 107th St. $5.25 million in permanent money was arranged by Barry Swartz for two five story apartment buildings containing 38 units and two commercial spaces located on East 10th St. A permanent mortgage in the amount of $4.8 million was obtained by Barry Swartz for two 5-story walk up apartment buildings on East 83rd St. and West 97th St. Financing in the amount of $2.95 million was closed by Barry Swartz for a 5-story walk up apartment building on East 29th St. Richard Pergolis closed a permanent mortgage and a line of credit totaling $4.5 million for a 7-story elevator commercial building on Washington St. An acquisition loan in the amount of $2.49 million was negotiated by Michael Volpe for a 44 unit multi-family apartment building on Palisade Ave. in Union City, N.J. Richard Pergolis closed a permanent loan in the amount of $3.9 million for a five story office building on Franklin Ave. in Garden City. $1.3 million in permanent financing was obtained by Michael Volpe for a five story, 10-unit multifamily apartment building on 38th Ave. in Woodside. A permanent loan in the amount of $1.1 million was arranged by Len Solinsky for five two-family attached houses on Rockaway Ave. in Brooklyn. Jon Harrington negotiated a $16 million five year permanent mortgage for a 115 unit student housing facility on Kenilworth Pl. for Brooklyn College. $1.85 million in permanent financing was arranged by Barry Swartz for a five story apartment building with ground floor retail on Orchard St. Len Solinsky obtained a permanent loan in the amount of $1.495 million for a 23-unit multifamily property on South 1st St. in Brooklyn. A permanent mortgage in the amount of $8.84 million was negotiated by Jerry Swartz and Ayush Kapahi for three mixed use/multi-family properties. A permanent mortgage in the amount of $1.75 million was arranged by Barry Swartz for a five story walk up apartment building on East 1st St. Barry Swartz closed a permanent mortgage in the amount of $1.75 million for a 4-story walk up apartment building on First Ave. A loan modification with a principle balance of $4.425 million was negotiated by Barry Swartz for two 5-story walk-up apartment buildings located on Forsyth St. and Grand St.
Tags: Finance
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