New York Real Estate Journal

Pergolis Swartz Associates secure $71.8 million in financing: 13 deals

July 27, 2010 - Finance
According to Pergolis Swartz Associates, the firm has closed the following 13 transactions, totaling $71.8 million: Barry Swartz arranged a permanent mortgage in the amount of $2 million for a 10,000 s/f retail strip on Knickerbocker Ave. in Brooklyn. A $2.5 million permanent loan was obtained by Barry Swartz for a retail condominium on Second Ave. $2.4 million in permanent financing was negotiated by Jon Harrington for two seven-unit apartment buildings on Jefferson Ave. in Brooklyn. Richard Pergolis closed a permanent mortgage in the amount of $6.4 million for a 12-story commercial building containing 250,000 s/f on West 26th St. in Manhattan. Harrington obtained permanent financing in the amount of $27 million for four apartment complexes containing a total of 292 units in Bethel and Danbury, Conn. Barry Swartz obtained a permanent loan in the amount of $1.95 million for a five-story walk-up apartment building on Clinton St. in Manhattan. A $1.65 million bridge loan was negotiated by Len Solinsky for 15 properties in Brooklyn. Ayush Kapahi and Jerry Swartz obtained a $3.7 million construction loan for a to be built 50-unit apartment building on East 214th St. $6 million in permanent money was arranged by Barry Swartz for two five-story apartment buildings on East First St. in Manhattan. Barry Swartz closed a $16 million permanent loan for a ten-story apartment building on Lexington Ave. A $1.2 million permanent loan was obtained by Barry Swartz for a four-story apartment building on West 77th St. in Manhattan. Pergolis negotiated permanent financing in the amount of $1 million for a ground floor commercial condominium unit located on East 46th St.