Unity Capital arranges two loans totaling $8.188 million
Unity Capital has completed two loans totaling $8.188 million. The deals include:
* A $7.638 million purchase money loan secured by two contiguous townhomes located on Manhattan's Upper West Side. The borrower was seeking a fast and reliable loan in order to purchase this unique asset prior to a time of the essence closing date.
* A $550,000 cash-out refinance of a nine-unit multifamily property in the University Heights section of the Bronx. The borrower was seeking a fast and efficient means of accessing the equity in this asset in order to take advantage of a time sensitive business opportunity.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
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Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.