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Brokerage
Posted: November 15, 2016
Talbot of Newmark Holdings arranges $9.6 million in financing for two office buildings with Signature Bank
Paul Talbot, Newmark HoldingsNew York, NY According to Newmark Holdings co-principals Eric Gural and Brian Steinwurtzel, the firm has completed a $9.6 million refinancing loan with Signature Bank for two 100% occupied office buildings totaling 56,000 s/f. The loan had a fixed rate of 3.875% for a term of seven years.
“Having excellent relationships with numerous lenders such as with Signature Bank, gives Newmark Holdings the ability to secure loans in a lending market that values experienced and strong long term ownership,” said Paul Talbot, senior managing director of Newmark Holdings, who arranged the financing with Signature Bank.
Newmark Holdings is among the top five private owners of office and industrial property in New York City, with more than 45 buildings in the portfolio. In addition, Newmark Holdings serves as third-party property manager for owners in New York, and manages more than 13 million s/f of space for its own account and for its clients.
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