Financial Digest

M&T Bank's commercial real estate lending department understands what's important

With many of what were the most popular players in real estate finance no longer active on the lending scene, decreased amounts of available...

An overview New York state contract law: What does giving your "best efforts" mean?

How hard do the parties to a contract have to work to meet their obligations? Under New York law, every contract contains an implied covenan...

Foreign investments in real estate: Executing the transaction and the unique tax laws involved

The combination of a weak dollar and a stable New York real estate market has led many foreign investors to consider adding New York propert...

Section 1031 exchanges may relieve some of the tax bite of a deed-in-lieu

In the current phase of the real estate cycle, a number of leveraged commercial real estate investors will experience foreclosure or a deed-...

HRC acquires two non-performing loans with balance of $18 million

Hudson Realty Capital (HRC) and its operating partner Triumph Land & Capital Management, LLC, have purchased two non-performing loans with a...

The Streisand Team takes part in Master's Coach Grp. presentation

According to The Streisand Team at Sterling National Mortgage, Lloyd Streisand, senior VP & senior loan officer, and Jordana DelVecchio, VP,...

Pinto and Weiner join Marcum & Kliegman as partners in firm's real estate financial services group

Marcum & Kliegman LLP, Certified Public Accountants and Consultants has welcomed new partners Matthew Pinto, CPA, and Robert Weiner, CPA, to...

CPC provides a total of $8.197 million in financing for the Crosswinds at Hudson development project

New York governor David Paterson; Deborah Van Amerongen, commissioner of the state division of housing and community renewal; state senator ...

24 Capital closes on $27.5 million loan to Aurora Development for N.J. 131-unit condo tower project

When the original investment group recalled its loan a half year ahead of schedule because of internal policy changes, Aurora Development Pa...

Potomac completes $4.6 million bridge loan

Potomac Realty Capital, LLC structured and closed a $4.6 million bridge loan for a 90,245 s/f office building. Proceeds of the loan will be ...