News: Spotlight Content

Rochelle Crespi, GuardHill Financial Corp.

What was the best thing that happened to you or your firm in 2014? In 2014 I was named one of '14 Women to Watch' in the Real Estate Industry. As a Mortgage Banker for 20 years - this was a great honor to be recognized among several other powerful women involved in NY Real Estate . What was your most notable project, deal, transaction or personal achievement in 2014? In 2014 I represented a Foreign National that wanted to refinance his 3 family Townhouse in Chelsea. The home was valued at $10 million and his current mortgage was $2 million. We were able to not only lower his current interest rate- but in a 'hard to finance' deal we were also able to offer him an additional $3 million ''cash out' for a total of $5 million and successfully close his loan at a very competitive rate. What are you looking forward to accomplishing in 2015? In 2015 I am looking forward to being part of the growth of GuardHill Financial' s prominence in the mortgage industry as one of the top Mortgage Bankers and the preferred and recommended mortgage company to several of the Premier Real Estate firms in NY. What are some of your real estate predictions for 2015? In 2015 I believe that the real estate in N.Y. will continue to stay strong as low interest rates help to drive the market. Although there may be a slight 'up tick' in interest rates they will still be at historic lows.
MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary