Financial Digest

Palmier of Potomac closes $20m bridge loan for seven-multifamily community portfolio

Potomac Realty Capital, LLC structured and closed a $20 million bridge loan for the conversion of a portfolio of seven military housing comm...

Agha of Largo secures $5.1m advance funds for 283-unit complex

Farah Agha, account executive for Largo Real Estate Advisors, Inc., arranged an advance of funds on the existing mortgage in the amount of $...

Michaels, Campbell and Wilson of Carlton arrange $630 million recap.

According to Carlton Advisory Services' chairman Howard Michaels, $630 million equity and debt recapitalization has been completed for the r...

Daniel of Silo Financial completes $2.7m loan

Jonathan Daniel, owner and principal of Silo Financial, closed a $2.7 million loan for a 3,000 s/f co-op located at 3 East 69th St. The borr...

GCP Capital Group completes a total of $32.85m in mtge. financing

GCP Capital Group LLC has arranged mortgage financing in the amount of $32.85 million for the following properties: * $4.75 million for a fi...

NYS HFA and NYS AHC approve $12m for rehab of affordable housing

The boards of the NYS Housing Finance Agency (HFA) and the NYS Affordable Housing Corp. (AHC) approved $12 million in financing to renovate ...

Pariser and Newman of HFF refinance $90m for retail/office bldg.

The New York office of Holliday Fenoglio Fowler, L.P. (HFF) has arranged a $90 million refinancing for 401 West 14th St., a 62,199 s/f retai...

NCB finance $36 million for 27 New York props.

According to Edward Howe III, managing director of the NCB, the bank has originated $36 million in financing for 27 area properties. The fin...

Bagwell & Associates launches title insurance business in metro N.Y.

Bagwell & Associates Title Insurance LLC has launched its service to the metropolitan area. Marvin Bagwell, Esq., formerly VP and eastern di...

Weighing the options: Short term versus long term borrowing in today's market

As we enter the second year of the credit slowdown that began in August 2007, borrowers who need to raise capital must understand which lend...