New York Real Estate Journal

Pergolis Swartz Assocs.arranges $55.045 million

March 17, 2008 - Finance
Pergolis Swartz Associates, Inc. has arranged $55.045 million for the following deals: * Barry Swartz of Pergolis Swartz negotiated $15.5 million in construction financing for a to be built seven-story condo building with 44 units on 21st St. in Astoria. * Len Solinsky of Pergolis Swartz negotiated a $10.25 million permanent loan for a multifamily property on Audubon Ave. * Swartz arranged permanent financing in the amount of $9 million for two six-story walk-up apartment buildings on Forsyth & Grand Sts. * Michael Volpe of Pergolis Swartz obtained $5 million in acquisition financing for a retail building in downtown Brooklyn to be developed into a proposed hotel project. * Richard Pergolis of Pergolis Swartz arranged a $3.8 million permanent mortgage for a four-story elevator co-op apartment building in Great Neck. * Volpe arranged for a $3.5 million line of credit for the acquisition of one residential and one commercial property in Long Island City. * Pergolis arranged a $2.425 million permanent loan for a 12-story elevator office building on East 9th St. in Manhattan. * Swartz obtained $2.3 million in interim financing for a six-story walk-up apartment building on Frederick Douglass Blvd. * Charles Yellen of Pergolis Swartz obtained a $2.17 million first mortgage for 16 condo units in Flushing. * Pergolis arranged $1.1 million in permanent financing for a taxpayer on Third Ave. in the Bronx.