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Limitations of Section 253-b for commercial line of credit - by Lindsay Mesh Lotito

Section 253-b of the New York State Tax Law is relied upon by many commercial lenders and their counsel as a safe haven exempting re-advances from the payment of additional mortgage tax under commercial credit line mortgages made for a face amount of less than $3 million…

TAYLOR, Essex, ESL, & ImageNow take part in Seneca Waterways Council's annual “21 Stories For Scouts” event

Rochester, NY As part of the 10th Annual Seneca Waterways Council “21 Stories For Scouts” rappelling event on May 31st, Kelly Jones, Martin Koegst, Keith Shugerts, Scott Burslem, Arika Mastin and Tim Levine accepted the challenge to defy gravity by rappelling…

Cronheim Mortgage arranges $30 million for Post Road Plaza – 257,593 s/f

Pelham Manor, NY Cronheim Mortgage has arranged $30 million in permanent financing for Post Road Plaza, a 257,593/f regional shopping center located at 847 Pelham Pwy.

Shapses of Savills Studley acts for Dashlane in lease; Buslik and Bonett of Adams rep. landlord – 16,625 s/f

Manhattan, NY According to Adams & Co. Real Estate, LLC, Dashlane, Inc. has signed a 16,625 s/f, ten-year lease at 44 West 18th St. The firm will utilize the

Hudson Gateway Association of Realtors and RISMedia co-host forum, “The State of Real Estate Data in NYC”

New York, NY Top real estate experts joined the Hudson Gateway Association of Realtors (HGAR) and RISMedia at “The State of Real Estate Data in NYC” on May 20th in Manhattan to discuss

Fordham Real Estate Institute breakfast series: “She Builds: Slaying Dragons in Brooklyn”

Brooklyn, NY The Williamsburg Hotel was packed on Friday, May 17th, when over 100 real estate professionals gathered for the second event in The Fordham Real Estate Institute’s She Builds breakfast series. “She Builds: Slaying Dragons in Brooklyn

Untermyer Gardens Conservancy to honor Ginsburg at annual Summer Solstice Sunset Soirée June 19th

Yonkers, NY The Untermyer Gardens Conservancy will hold its annual Summer Solstice Sunset Soirée on June 19th, honoring architect Martin Ginsburg, who

ATCO Properties secures 14,000 s/f for 21GRAMS at 381 Park Ave. South

New York, NY According to ATCO Properties & Management, healthcare communications and advertising agency 21GRAMS has signed a 14,000 s/f direct office lease at

Outside the Region: Berkadia secures joint venture equity – $11.5 million

Lilburn, GA Berkadia played an integral role in securing the equity and debt financing for the acquisition of Park Crossing Apartments, a 280-unit multifamily garden-style property.

O’Callaghan of Lynx Mortgage Bank's Commercial Division arranges $1.6 million for Axis Mechanical

Manhattan, NY Lynx Mortgage Bank LLC Commercial Division arranged $1.6 million in financing for an office co-op at  137 5th Ave., 8th floor, on behalf of Axis Mechanical, Steve Marino. The loan, funded by Flushing Bank, was