Financial Digest

Cautious optimism for 2011 based upon the current state of the real estate market

My projections for 2010 were relatively accurate in regards to the real estate market in New York State and New England. With the continued ...

A lawyer discusses retainage and the importance of a legal presence when drafting contracts

When an owner negotiates a price with a contractor for a renovation or construction project, they typically want to be able to hold back som...

GCP Capital Group completes five financing deals totaling $25.85 million

GCP Capital Group LLC, one of the nation's most active companies specializing in investment real estate finance, has arranged mortgage finan...

Pergolis Swartz Associates complete two loans: $6.335 million total

Pergolis Swartz Associates have recently completed two financing transactions totaling $6.335 million. A permanent mortgage in the amount of...

Meridian Capital Group negotiates $67.25 million

According to Meridian Capital Group, LLC, it has completed the following transactions: A new mortgage of $13 million was placed by Meridian...

Cices of Troutman Sanders represents Bank of China in $800 million refinancing

The Bank of China's New York branch has refinanced 245 Park Ave., considered one of the city's most prestigious office buildings and home to...

Beech Street Capital provides $40 million

Beech Street Capital, LLC provided a $40 million Fannie Mae DUS Loan for the refinance of a multifamily portfolio in New York. The transacti...

Relihan of NorthMarq arranges first mortgage financing: $16 million

Frank Relihan, vice president of NorthMarq's Washington DC Regional office arranged first mortgage financing of $16 million for 75 Henry St....

The Community Preservation Corp. closes on $4.65 million loan for Concern for Independent Living, Inc.

According to The Community Preservation Corp. (CPC) it has closed on a $4.65 million construction loan to help finance a new mixed-used buil...

Silo Financial provides $13.7 million in 3rd Q 2010

Silo Financial has been able to successfully provide capital to borrowers faced with situational financing needs. During the 3rd quarter Sil...