Financial Digest

Pembrook provides Phoenix Realty with $10.5m secured line of credit

Pembrook Capital Management has provided a $10.5 million secured line of credit to NY-based Phoenix Realty Group to serve as a bridge loan f...

York of Arbor originates $2.121 million Fannie Mae DUS 3 Max Express loan for 58-unit complex

Arbor Commercial Funding, LLC closed a $2.121 million loan using Fannie Mae's DUS 3Max Express program to acquire the 58-unit complex known ...

Property owners: Beware of the municipal tax phase-in of property revaluation

The phase-in of property revaluations is the most arbitrary and unfair tax program imposed on taxpayers in the state of Connecticut. It is ...

MRC names Scheffler managing director and general counsel

Madison Realty Capital (MRC) has named Eric Scheffler managing director and general counsel. Scheffler will manage the firm's corporate lega...

McGovern of Arbor closes $1.587m refinance loan for 10-unit complex

According to Arbor Commercial Funding, LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, the funding of a $1.587 million loa...

Arker Construction finalizes financing for affordable housing development - $34m project

The Arker Companies has completed financing on a 118-unit development that will include 30 units set aside as supportive housing for the men...

Carlton Strategic Ventures hires Belsky as managing director

According to Carlton Advisory Services' chairman Howard Michaels, Marc Belsky, has joined Carlton as managing director of Carlton Strategic ...

Albano, Brostovski, Classi, Perlmutter and Volk of GCP arrange $77.265m

GCP Capital Group LLC has arranged mortgage financing in the amount of $77.265 million for the following properties: * $7 million for a four...

CPC closes on $1.383m Freddie Mac second mortgage in the Bronx

CPC recently provided a Freddie Mac second mortgage of $1.383 million for major weatherization improvements of six six-story walk-up apartme...

Related Companies closes on $1.4b equity and debt investment

Related Companies has completed a $1.4 billion equity and debt investment, the first outside investment in the company. Goldman Sachs and MS...