News:
Brokerage
Posted: September 9, 2013
Roglieri of Prime Commercial Lending provides $5 million revolving loan facility
Prime Commercial Lending has closed on a $5 million commercial revolving loan facility for Ajax Companies, a Homer, N.Y. company serving the energy industry.
"We are delighted that we were able to provide the working capital that growing companies like Ajax need, but cannot find through local banking sources," said Kris Roglieri, president and CEO of Prime Commercial Lending. "Our experience working with rapidly-growing companies, especially those serving the burgeoning energy industry enabled us to find the right structure and terms for Ajax's specific needs and provide the capital to support their growth plans."
Ajax was founded in 2010 to provide integrated consulting, energy services and water management to the oil and natural gas industries. The company has operations in eight states and employees more than 200 people.
Tags:
Brokerage
MORE FROM Brokerage
Marcus & Millichap brokers $16.25 million sale of Ponce Bank flagship headquarters in the Bronx
Bronx, NY Marcus & Millichap negotiated the sale of a net-leased bank property occupied by Ponce Bank. The asset sold for $16.25 million. “This property drew tremendous interest as it was a
Quick Hits
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking