Financial Digest

Stewart and Morris of Cronheim secure $8.94m for mixed-use center

Andrew Stewart and Dev Morris of David Cronheim Mortgage Corp. have secured financing of $8.94 million for 755 Co-Op City Blvd., a 37,911 s/...

Market based valuations in a cost basis environment: An insight into TARP

In a time of economic uncertainty our government is being pushed into an interventionist role in the private marketplace, and while our lawm...

Pergolis Swartz finances a total of $30.1 million

Pergolis Swartz Associates, Inc. brokered the following loans totaling $30.1 million: * Barry Swartz of Pergolis Swartz arranged a $5 millio...

Bruck of Time Equities closes four loans totaling $35.85 million

Stuart Bruck of Time Equities, Inc. has closed the following four loans totaling $35.85 million: * An $11 million first mortgage loan to ref...

NYS HFA approves $10m in financing to renovate a total 111 units in Liberty

The board of the NYS Housing Finance Agency (HFA) approved $10 million in financing to renovate 111 units of affordable housing at Woodland ...

GCP Capital Group completes a total of $88.86m in mtge. financing

GCP Capital Group LLC has arranged mortgage financing in the amount of $88.86 million for the following properties: * $29.3 million for an 1...

Fatony of AFC secures $8.65m acquisition and development financing

AFC Realty Capital arranged $8.65 million in financing for the acquisition and development of a condo project located in Fort Greene. Joseph...

Michaels of Carlton arranges invest. grp. and 86% financing pkge.: $275m

Carlton Group chairman Howard Michaels assembled an investor group and 86% financing package in order to close a $275 million deal at 1372 B...

James and Christie Houlihan of HP/iCap refinance $14.4m first mtge.

James Houlihan and Christie Houlihan of Houlihan-Parnes/iCap Realty Advisors have arranged a $14.4 million first mortgage refinancing for 40...

Largo Group of Cos. arranges $10.58m in financing for three upstate properties

The Largo Group of Companies have financed a total of $10.58 million for the following three transactions: * Frank Giacobbe, account executi...