Financial Digest

The "what" of buying commercial properties: A focus on multifamily real estate

Lately, I've found myself speaking with investors from across the country about the state of the economy, the debt markets, and other issues...

The right time to take the boot - Understanding the risks of taking cash out of a §1031 exchange

Timing the receipt of boot is critical in a §1031 tax deferred exchange. Taking boot at the beginning stages may blow the exchange or com...

The government bailout and its affect on commercial real estate lending market

The Troubled Asset Relief Program (TARP) lies at the heart of the Emergency Economic Stabilization Act of 2008, which has authorized the Uni...

The decommodification of the investment mtge. loan: "Lender uncertainty is all but certain"

These are undoubtedly unique times to say the least. In my 20+ years as a commercial mortgage broker, never have I seen the level of bewilde...

SL Green refinances two Midtown properties: Total proceeds $410m

SL Green Realty Corp. has refinanced two properties in two separate transactions: 717 Fifth Ave. with The Royal Bank of Scotland and 28 West...

Cooper-Horowitz, Inc. completes a total of $184.4 million for seven properties

Cooper-Horowitz, Inc. arranged a total of $184.4 million in financing for the following seven properties: * Marriott Courtyard Hotel locate...

McGovern of Arbor originates $3.086 million Fannie Mae DUS loan

Arbor Commercial Funding, LLC funded a $3.086 million loan under the Fannie Mae DUS Small Loans product line to refinance the 21-unit comple...

NCB arranges $35m in financing for 27 props.

According to Edward Howe III, managing director of the NCB, the New York office originated $35 million in financing for 27 area properties. ...

CPC closes three upstate New York perm.loans totaling $860,000

The Community Preservation Corp. (CPC) has closed three permanent loans totaling $860,000 for three multifamily rental properties. In Lake ...

Klein and Tepdino of HFF secure $55.2 million for 240 West 35th St.

The New York office of Holliday Fenoglio Fowler, L.P. (HFF) secured financing and joint venture equity totaling $55.2 million for 240 West 3...