Financial Digest

GCP Capital Group negotiates 11 mortgages totaling $110.705 million; Includes a $38.5 million loan by Greenbaum

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $110.705 million for the following 11 properties: * $38.5 m...

Horowitz of Cooper-Horowitz arranges six loans - $32.7 million; Includes $12.7 million for a 10-story Astoria building

Jeffrey Horowitz of Cooper-Horowitz, Inc. has arranged the financing on the six properties totaling $32.7 million. The deals include: * 183...

Nygard of KTR Real Estate Advisors LLC installed as president of Metro New York Appraisal Institute

Theresa Nygard, MAI, senior appraiser at KTR Real Estate Advisors LLC, a leading real estate appraisal and consulting firm offering nationwi...

Canyon Capital provides $25.6 million senior loan to Bluerock Real Estate; To refinance existing debt and resume pre-development of The Charles

Canyon Capital Realty Advisors LLC has provided a $25.6 million senior loan to Bluerock Real Estate, LLC to refinance existing debt and to r...

Bruck of Time Equities arranges seven loans totaling $69.925 million; includes a $15.5 million construction mortgage to build nine townhouses

Stuart Bruck of Time Equities, Inc. has closed seven loans totaling $69.925 million. The deals include: * A $6.725 million first mortgage lo...

Vornado Realty Trust refinances 350 Park Avenue for $300 million

Vornado Realty Trust has completed the $300 million refinancing of 350 Park Ave., a 558,000 s/f office building. The five-year loan bears in...

The covenant of quiet enjoyment

The meaning of this covenant, the protections it confers and the allegation of certain conditions precedent in order to prevail on a claim f...

Bahiri of Emerald Creek helps developer acquire 17,000 s/f land parcel for $8.5 million

Steve Cheung, developer, acquired a 17,000 s/f land parcel in the Queens Plaza area of Long Island City. The $8.5 million price tag is alm...

Houilhan and McCulloch of Houlihan Parnes renegotiate $10.6 million debt

Jim Houlihan and Steve McCulloch of Houlihan Parnes Realtors an affiliate of Q10 capital, LLC, on behalf of Post Road Realty LLC have renego...

Meridian Capital Group negotiates two loans totaling $50.3 million; Includes $44 million arranged by Lieberman for a 160,000 s/f office building

Meridian Capital Group, LLC has negotiated two loans totaling $50.3 million. The first loan was for a $44 million mortgage to recapitalize a...