Financial Digest

Paradigm refinances $47 million in loans for 25 retail properties

Bronx, NY Paradigm Commercial Real Estate LLC has completed a $47 million refinance package of 25 retail buildings located throughout the Br...

Zegen of MRC arranges $107.25 million in financing for the first phase of Fortis’ acquisition of LICH portfolio

Joshua Zegen, Madison Realty Capital Brooklyn, NY Madison Realty Capital (MRC) has provided $107.25 million of first mortgage financing for...

Houlihan of Houlihan-Parnes secures $1 million first mortgage for Bronx property

Jeremiah Houlihan, Houlihan-Parnes Realtors, LLC Bronx, NY Jeremiah Houlihan of Houlihan-Parnes Realtors, LLC has arranged a loan secured b...

What to do about expenses in a 1031 exchange? - part 1 - by Pamela Michaels

Pamela Michaels, Asset Preservation In order to obtain complete deferral of capital gain taxes in an exchange otherwise meeting the require...

GCP Capital Group arranges 15 mortgages totaling $123.294 million

New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $123.294 million for the following 15 deals: • $19.5 million ...

Carman joins Empire National Bank as assistant vice president/e-banking

Linda Carman, Empire National Bank Islandia, NY Career banker Linda Carman recently joined Empire National Bank as assistant vice president...

Rockrose Development closes $270 million construction loan for 80/20 project in Long Island City

QUEENS, NY Rockrose Development Corp. has completed $270 million in construction financing for its 974-unit “80/20” rental apartment to...

GCP Capital Group negotiates $143.5 million in financing for nine properties; Includes $74 million arranged by Perlmutter

NEW YORK, NY GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $143.5 million for the following nine propert...

GCP Capital Group arranges five loans totaling $46.8 million

  NEW YORK, NY GCP Capital Group LLC, one of the nation’s most active companies specializing in investment real estate finance, ha...

Hirsch and Jacob of Meridian refinance $95 million for office building

NEW YORK, NY Meridian Capital Group has negotiated a $95 million mortgage for the refinance of an office property. The 12-year loan, provid...