Category: Finance

Howell, NJ  According to Eastern Union Funding, industry marketing veteran Josh Bochner has been appointed chief marketing officer (CMO) for the firm’s affiliate broker division, which has signed-up 1,000 commercial real estate sales broker affiliates from over 600 companies across the country since the launch of the program in October.

Manhattan, NY According to Andy Nemeroff, president of Imperial Capital Company, he closed a first mortgage loan, secured by the property at 130 Bowery St. The property was financed with a major CMBS lender for $12 million, with a ten-year fixed-rate and interest only loan for full term. The interest only feature allowed the ownership to maximize cash flow throughout the term, as the loan was at a very conservative loan-to-value amount.