New York Real Estate Journal

Pergolis, Swartz, Tobin, Volpe and Solinsky of Pergolis Swartz arrange a total of $85.425m

April 11, 2008 - Finance
Pergolis Swartz Associates, Inc. has arranged a total of $85.425 million in financing for the following properties: * Richard Pergolis of Pergolis Swartz arranged a $24 million permanent mortgage for a 12-story elevator office building on 19th St. * Pergolis negotiated a $15.5 million condo loan for a seven-story elevator apartment building plus commercial condo and basement on Third Ave. in Manhattan. * Barry Swartz of Pergolis Swartz obtained a $9.75 million construction loan for a to-be-built 17-unit condo building on Ave. B in Manhattan. * Pergolis arranged two interim loans totaling $8.75 million for a six story elevator commercial building in Long Island City. * David Tobin of Pergolis Swartz negotiated a $4.78 million permanent first mortgage for an office building containing 48,000 s/f and five tenants located in Plainview. * Swartz arranged $4.42 million in interim financing for vacant land on 48th St. * Tobin closed a $4 million permanent first mortgage for a 54-unit, six-story elevator apartment building in Elmhurst. * Pergolis obtained a $2.8 million permanent loan for a six-story walk-up apartment building on South 4th St. in Brooklyn. * Pergolis arranged $2.35 million for a permanent loan for five, five-story mixed-use buildings on 72nd St. in Manhattan. * Michael Volpe of Pergolis Swartz arranged $2.25 million in permanent financing for a single tenant commercial building in Plattsburgh. * Swartz obtained $2 million in permanent financing for a three-story commercial building on Sixth Ave. in Manhattan. * Volpe obtained $1.725 million in acquisition financing for a two-story industrial building in Long Island City. * Swartz closed $1.7 million in permanent financing for two commercial buildings on Seventh Ave. * Tobin negotiated a $1.4 million permanent first mortgage for a six-story elevator apartment building with 46 units located in the Bronx. Len Solinsky of Pergolis Swarz obtained $1 million in construction financing for a to-be-built two-family house in Little Neck.