Financial Digest

Protect your 1031 exchange money: The reasons to use a bank-owned QI to hold your funds

Most real estate investors take advantage of 1031 exchanges. While investors are familiar with the basics of a 1031 exchange, often little ...

Options for borrowers with maturing loans: Start the refinancing process earlier than usual

The commercial real estate market continues to be mired in the liquidity crisis currently gripping the country. Any good news about the mark...

Kennedy Funding closes $5m for N.Y.C. residential tower

Kennedy Funding has closed a $5 million loan to 24 East 23rd Commercial, LLC. The loan is to help the developer continue work on a much-talk...

Northfield Bank hires DeStefano to serve as VP in Brighton branch

According to Northfield Bank, Julie DeStefano has joined the bank as a VP. DeStefano will manage Northfield's West Brighton branch located a...

Ghazarian and Douek of iCap arrange $9m sale and $7m in financing

Harout Ghazarian and Zeev Douek, directors at iCap Realty Advisors of N.Y. have arranged both the sale and financing for the Hart St. Medica...

Browne of CPC provides $1.104m loan for Harlem rehab project

The Community Preservation Corp. (CPC) has provided a $1.104 million loan for the full rehabilitation of two attached three-story buildings....

Steiner and seven partners from Thelan to join the DLA Piper team

According to DLA Piper, eight partners will be joining the firm's corporate and finance practice in N.Y. and London.  Led by Jeffrey Stei...

The tenant-in-common (TIC) real estate solution to your investment portfolio

In many respects, the tenant-in-common (TIC) industry is bringing commercial real estate investment opportunities to individual investors in...

Perry of Wien & Malkin structures $28m recapitalization of Niagara Falls Outlet Ctr.

The Wien & Malkin Strategic V (SC V) program recently participated in a $28 million preferred equity investment in Fashion Outlets of Niagar...

Pergolis Swartz Associates finances a total of $52.28 million

Pergolis Swartz Associates, Inc. has completed the following deals totaling $52.28 million: * Barry Swartz of Pergolis obtained a $7 million...