New York City

Assignments of mortgage and potential mortgage recording tax savings

In NYS, the requirement to pay mortgage recording tax1 on the principal amount secured by a mortgage on real property located within the sta...

Aggressive lending: It's starting all over again!

I'm driving down the highway in a Ferrari and I just got passed by a minivan doing 100 mph. In the minivan's driver's seat was a local banke...

Bahiri of Emerald Creek Capital issues $2.35 million bridge loan

Emerald Creek Capital has issued a two-year, $2.35 million bridge loan for the acquisition of a five-story town home in Chelsea. Located on ...

Cox and Powell of Centerline provide $7.8 million Freddie Mac mortgage; To refinance The Penny Lane apartments in Kips Bay

Centerline Capital Group, a provider of real estate financial and asset management services for affordable and conventional multifamily hous...

Madison Realty Capital completes $18.35 million for four Brooklyn properties

Madison Realty Capital (MRC) has completed four financing transactions totaling $18.35 million, according to Joshua Zegen, co-founder and ma...

Carlton Group launches new international investment sales team

Carlton chairman Howard Michaels launched the formation of an international investment sales team to provide aggressive investment sales ser...

Flammang of Massey Knakal closes $32.1 million construction loan

Massey Knakal Capital Services has closed on a $32.1 million construction loan collateralized by a to-be-built multifamily property located ...

Mikula and Cadranell of HFF arrange $110 million permanent financing for 25 Broad

HFF has arranged a $110 million permanent financing for 25 Broad at the Exchange, a newly-renovated, 308-unit, class A multi-housing propert...

Appel of Meridian closes $48.4 million refinancing

The Bromley Companies has closed a 30-year $48.4 million refinancing of 122 Fifth Ave. The 236,000 s/f 10-story office building with retail ...

Randall and Siu of PCCP negotiate $31 million loan for 65-unit Bronx condo project; provided for Arc Real Estate Group, developer of the 20-story property

PCCP, LLC has provided a $31 million loan to Arc Real Estate Group, LLC for Solaria Riverdale, 65-unit condominium project in the Riverdale ...