Financial Digest

Daniel of Silo structures $1.2 million bridge loan for 32,000 s/f warehouse

Jonathan Daniel of Silo Financial Corp. structured a $1.2 million bridge loan for a 32,000 s/f warehouse on 2 South St. The borrower require...

NCB arranges $48m in financing for 28 properties

According to Edward Howe III, managing director of the N.Y. office of NCB, the bank originated $48 million in financing for 28 area properti...

NYS HFA approves $9.3m mortgage to build 88 units of affordable housing

The board of the NYS Housing Finance Agency (HFA) has approved $9.3 million in financing for the construction of the Brookside II Apartments...

Understanding the basics of section 1031 exchanges: "Balancing the equities"

When an asset is sold for more than its original cost, there is gain which the IRS will tax at the capital gains tax rate.  The amount of c...

A tale of three construction loans gone awry in Manhattan: A review to builders and brokers

Recently, my company, Wawona Worldwide Capital, LLC was contacted to arrange financing for three construction deals in Manhattan. One proje...

Assessing the status of commercial mortgage lenders in today's market

As we enter the second year of the liquidity crunch in the commercial mortgage lending market, it is a good time to figure out which lenders...

Comparing a TIC to other investment methods

Most people know that in order to ensure financial stability, it is essential to invest your money wisely. However, choosing the best finan...

Obtain tax deferral/portfolio diversity with 1031 and TICs

Part two continued from the June 17, 2008 Financial Digest edition of the New York Real Estate Journal. There are a multitude of theories on...

The Praedium Grp. hires Sleeper as a principal

Mason Sleeper has joined The Praedium Group. As Praedium's newest principal, Sleeper is responsible for investments in mezzanine and debt op...

The good news about related party section 1031 exchanges for taxpayers

Most taxpayers are now aware that a taxpayer's receipt of replacement property from a related person is a risky business from an Internal Re...