Financial Digest

Houlihan-Parnes Realtors place $29 million first mortgage on 222,637 s/f office condo

Bronx, NY James Houlihan, Bryan Houlihan, and Christie Houlihan of Houlihan-Parnes Realtors completed the placement of a $29 million first mortgage on the 222,637 s/f office condominium at 1775 Grand Concourse.

Eastern Union helps business owners obtain Paycheck Protection Program Loans for phase two of federal funding program

Eastern Union, one of the country’s leading commercial real estate finance firms, has already helped thousands obtain SBA-PPP loan approvals over the past week.

COVID-19 1031 exchange deadline extensions - by Pamela Michaels

Real estate investors in NYC and the Northeast generally face a challenge like never before. How to buy real estate when we cannot leave our homes and when we are located in the center of a hotspot? For this reason, many real estate investors seeking tax deferral in

Black Bear Capital Partners secures $63.8 million financing for Finkelstein Timberger East Real Estate

Bronx, NY Black Bear Capital Partners (BBCP), a real estate financial advisory firm and subsidiary of Black Bear Asset Management, has arranged $63.8 million in permanent financing on

ABS Altman Warwick arranges two loans: $58 million total

Manhattan, NY ABS Altman Warwick, a NYC-based capital market advisory firm and division of ABS Partners Real Estate, closed on loans totaling $58 million on two multifamily portfolios.

Uber Capital Group sources $7.9 million financing

Marietta, GA Uber Capital Group (UCG) has sourced a $7.9 million refinancing loan for the Windy Hill Village shopping center located at 2359 Windy Hill Rd. Southeast.

GCP Capital Group arranges eight deals totaling $69.175 million

New York, NY GCP Capital Group LLC has arranged mortgage financing for the following properties: $15 million for an 11-story multifamily apartment building containing 86 units, in the

SBA Issues New Guidance on Paycheck Protection Program - by Joseph Most, J.D.

Last night, the Small Business Administration (SBA) published additional guidance relating to the Paycheck Protection Program (PPP) in the form of FAQs.  To date, this is the most clarity that the SBA has provided relating to this new lending program and

GCP Capital Group arranges eight mortgages totaling $109.97 million

Manhattan, NY GCP Capital Group LLC has arranged mortgage financing for the following properties:

• $7 million for four contiguous

Merchants Capital places $40.9 million refinance

Manhattan, NY Mortgage banking company Merchants Capital has secured $40.9 million in refinancing for The Tapestry, 245 E. 124th St.,