Financial Digest

Bochner named chief marketing officer at Eastern Union's affiliate broker division

Howell, NJ  According to Eastern Union Funding, industry marketing veteran Josh Bochner has been appointed chief marketing officer (CMO) for the firm’s affiliate broker division, which has signed-up 1,000 commercial real estate sales broker affiliates from over 600 companies across the country since the launch of the program in October.

Bar-Or of Meridian Capital Group negotiates $15.4 million in acquisition and construction financing for mixed-use condominium development

New York, NY Meridian Capital Group has negotiated $15.4 million in acquisition and construction financing for a mixed-use condominium devel...

Brachfeld of Meridian Capital Group arranges $9.3 million in financing for four multifamily properties

Manhattan, NY Meridian Capital Group has negotiated $9.3 million in balance sheet financing to refinance four multifamily properties on Manh...

Fletcher of Greystone Bassuk arranges $217.5 million refinance of 53-story rental tower; Originated by wells Fargo Multifamily capital for the Ashland in Brooklyn

Brooklyn, NY According to Richard Bassuk, CEO, and Drew Fletcher, president, of Greystone Bassuk, a $217.5 million permanent loan made to an...

Nemeroff of Imperial Capital closes $12 million first mortgage for 130 Bowery Street

Manhattan, NY According to Andy Nemeroff, president of Imperial Capital Company, he closed a first mortgage loan, secured by the property at 130 Bowery St. The property was financed with a major CMBS lender for $12 million, with a ten-year fixed-rate and interest only loan for full term. The interest only feature allowed the ownership to maximize cash flow throughout the term, as the loan was at a very conservative loan-to-value amount.

Hakim and Murad of Eastern Consolidated arrange $215 million construction loan

Manhattan, NY Eastern Consolidated’s Capital Advisory Division has arranged a $215 million construction loan for the development of a ...

Friedman joins Madison Realty Capital as managing director of originations

New York, NY According to Josh Zegen, co-founder and managing member of Madison Realty Capital (MRC), Aryeh Friedman has joined the firm as ...

GCP Capital Group arranges 13 mortgages totaling $120.5 million

New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $120.5 million for the following 13 deals: • $25 million...

GCP Capital Group arranges two mortgages totaling $11.19 million

New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $11.19 million for the following two deals: • $9 million...

Weinstock and Rhine of Meridian Capital Group arrange $267 million in financing for 25 properties

New York, NY Meridian Capital Group has arranged $267 million in balance sheet financing for 25 buildings in New York City and Long Island, ...