News:
Brokerage
Posted: July 29, 2013
Titan Capital funds $3.5 million loan for 4,000 s/f co-op
Titan Capital ID LLC has funded a $3.5 million loan secured by a 4,000 s/f cooperative unit, valued at $17.5 million, located on the corner of Fifth Ave. and East 88th St. Due to Titan's flexible funding strategies, the borrower was able to quickly access the capital necessary to repay a short term personal loan made to him by his hedge fund. With a pending sale of the firm under way it was imperative for the borrower to shore up the company's financials in order to effectuate the sale.
The pending sale of the firm as well as royalties from the borrower's other investments are expected to provide over $100 million in future cash flows and will be used for repayment of the loan. Once again, Titan was able to satisfy the personal debts of its borrower while securing a loan on prime Manhattan real estate.
Tags:
Brokerage
MORE FROM Brokerage
Investment Property Realty Group closes $2.65 million sale of 723 6th Ave. in Greenwood Heights
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 723 6th Ave., a mixed-use building located in the Greenwood Heights section of the city, for $2.65 million.
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
.gif)
August Promotion
