Hach of Refined arranges $3 million inventory loan for condo project

Manhattan, NY Joe Hach, chief revenue officer of Refined, has arranged a $3 million inventory loan for a repeat client for a commercial condo project on Bowery in Chinatown. The borrower reached out to Refined to help pay off his maturing loan and fund excess loan proceeds for another project.

Max Spann to hold online auction of 13,400 s/f industrial Superfund site — concludes on June 11th

Queens, NY Max Spann Real Estate & Auction Company will conduct an online auction of a 13,400 s/f industrial site in the Ridgewood section of the borough. The online auction concludes on June 11^th at 1 PM.

Pen to paper: The persistence of wet ink signatures in real estate transactions - by Lindsay Mesh Lotito

>While in many circumstances electronically signing documents is easier for all parties involved, for commercial loans and real estate transactions, wet ink original signatures are still required.

Schiavello and Gray of Horvath & Tremblay sell dark Walgreens
at 17506 Hillside Ave. for $7.5 million

Queens, NY Steven Schiavello and Patrick Gray of Horvath & Tremblay have completed the sale of a dark Walgreens located at 17506 Hillside Ave. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete this

REAL New York achieves $1 billion in sales and finds homes for over 100,000 New Yorkers

Manhattan, NY REAL New York celebrates more than 10 years in business and its growth, achieving $1 billion in sales and finding a home for more than 100,000 New Yorkers since its inception. Started by Robert Rahmanian and Louis Adler focused on rentals in the Lower East Side

Santander Bank, N.A. servicing assets in $9 billion portfolio formerly owned by Signature Bank

New York, NY Santander Bank, N.A. is servicing 100% of the assets in a $9 billion portfolio of New York-based, multifamily real estate assets formerly owned by Signature Bank. In December 2023, Santander Bank closed a transaction with the FDIC to participate in a joint

Executive of the Month: Question and answer with
David Wilkes, partner at Cullen and Dykman

You recently moved your practice to a larger firm with a more diverse practice. Why Cullen and Dykman for property tax?
This area of law and services is at a key moment of great change that will no longer be the domain of a handful of boutique firms that

The 721 Exchange UPREIT exit strategy for Delaware Statutory Trust investors explained - by Dwight Katy

One of the most important questions Delaware Statutory Trust real estate investors need to ask themselves is, “What is my long-term, exit strategy?” Most Delaware Statutory Trust (DST) investments are typically held for approximately 5-10 years

Pembrook nears $2 billion in affordable, workforce housing loan volume

Manhattan, NY Pembrook Capital Management LLC (Pembrook), a national affordable and workforce housing lender, has originated or participated in 148 investments approaching $2 billion since its inception in 2007.

ACE Mentor Program unveils Victoria Cerami Gumption Scholarship

New York, NY The ACE Mentor Program, a non-profit organization founded by the late structural engineer Dr. Charles Thornton to guide high sc...