Financial Digest

Houlihan of Houlihan-Parnes modifies a $2.65m first mortgage for two contiguous one-story buildings in Bedford Hills

Houlihan-Parnes Realtors, LLC, an affiliate of Q10 capital, LLC, represented by Jerry Houlihan, modified a $2.65 million first mortgage loan...

CPC extends credit facility

The Community Preservation Corp. (CPC) has extended its credit facility from its member institutions. Over the next two years, this facility...

Emerald Creek Capital issues two one-year bridge loans: $4.255 million total

According to Emerald Creek Capital, the firm recently issued two one-year bridge loans secured by different types of commercial real estate....

Madison Realty Capital provides $14.5 million for Queens condo project

According to Madison Realty Capital (MRC), an institutionally backed commercial real estate investment firm and asset manager specializing i...

Citi and Enterprise Community Loan Fund team up with Next Street

According to Citi Community Capital and Enterprise Community Loan Fund, they are investing a combined $30 million in the new Next Street Opp...

Question of the Month: Are municipal ordinances with state law roots entitled to statutory treatment?

When construction on a neighboring building begins, a building owner and the building's tenants are often left in a bad situation, at least ...

Eight tips for managing your cash flow

In today's turbulent economy, we're hearing more and more from construction contractors having trouble managing their cash. Government contr...

Beech Street Capital provides $20.9 million Fannie Mae loan; arranged by Weinstock and Texler of Meridian

According to Beech Street Capital, LLC, it has provided a $20.9 million Fannie Mae conventional loan for the acquisition of Gramercy East. A...

First Niagara receives regulatory approval for HSBC branch acquisition

The Office of the Comptroller of the Currency (OCC) has approved First Niagara Bank N.A.'s acquisition of Upstate N.Y. and Conn. branches fr...

Storz and Campbell of Berkadia originate $135.65 million refinance; arranged on behalf of Moinian Group

The New York office of Berkadia Commercial Mortgage LLC recently closed a $135.65 million Freddie Mac loan for the Ocean at One West St. Wor...