Financial Digest

GCP Capital Group arranges nine deals totaling $98.43 million

GCP Capital Group LLC has arranged mortgage financing in the amount of $98.43 million for the following nine properties: * $35 million for 3...

Newman and Hulbert of CBRE HMF originate $25.9 million in acquisition financing

CBRE Group (CBRE), through its direct HUD FHA lender, CBRE HMF, Inc. (CBRE HMF), has completed the $25.9 million acquisition financing of Th...

TF Cornerstone receives $265 million loan for East Coast: Advisor - Singer & Bassuk

LONG ISLAND CITY, NY TF Cornerstone has received a $265 million loan from Wells Fargo, M&T Bank, Bank of America and Capital One to finance ...

McCarthy of Morrison & Foerster advises on $229 million financing for 850-unit Manhattan residential complex

Law firm Morrison & Foerster LLP represented Wells Fargo and JPMorgan Chase in two construction loans totaling $229 million for the financin...

Coleman and Houlihan of Houlihan-Parnes close four loans totaling $12.26 million: Includes $5 million for a 12,250 s/f Bronx retail prop.

Houlihan-Parnes Realtors, LLC, affiliated with Q10 Capital, LLC, has closed four loans on retail properties in the New York Metropolitan are...

Hudson Realty Capital funds $7.5 million bridge loan in Brooklyn for four contiguous multifamily buildings

Hudson Realty Capital LLC has funded a $7.5 million bridge loan involving a 30,800 s/f multifamily property. The borrower utilized the loan ...

Beech Street Capital provides $9.35 million Freddie Mac CME loan; Lefkowitz of Meridian originated the financing

Beech Street Capital, LLC has provided a $9.35 million Freddie Mac CME loan for the acquisition of Trantor Place Apartments, a 178-unit, ren...

Like-kind exchange: A tax-deferring strategy for investors

Section 1031 of the Internal Revenue Code provides gain is not recognized when property held in a trade or business or for investment is exc...

Plan on changes to depreciation rules - many provisions to expire after 2011

As a result of the economic downturn, the federal government has enacted a number of generous provisions in the tax law over the last severa...

Consultants: An attorney discusses what to look out for

Virtually every type of business works with consultants at some point. Some work with a variety of consultants all the time. When the econom...