In April 2018, the firm represented Institutional Lender in a construction loan for $12,300,000.00 (acquisition, building and project) secured by a parcel of vacant land in the Bronx. This project consists of a ground up development of Class A mixed use building with 73 residential apartments, 18,000 square feet of community space and 37 parking spaces. This matter was handled by Guy Arad, Esq.
Represented Institutional Lender in connection with $12,300,000.00 Acquisition/Construction Loan for Bronx Project
- Closed $15.4 Million Refinance for Prominent Lender Secured By 432 Park Avenue Condo
- Represented Regional Lender in Connection with $23 Million Loan on Loan Transaction
- Closed $30 Million Underlying Building Mortgage for Private Bank on NYC Co-op Building
- Remotely Handled $8.5 Million Residential Purchase Financing to Close NYC Townhouse Acquisition
- During Lockdown, Residential Dept & Banking Dept Work Together to Close $2.7 Million Condo Purchase with Purchase CEMA
- Agency Lending Team Closed $32.5 Million in Financing on 11 Property Portolio in New Jersey
- Remotely Guided Bank Thru $22.8 Million Residential Refinance Secured by Two Properties in Southampton, NY
- During Lockdown, Remotely Handled $8.3 Million Loan Transaction for Private Bank to Close Townhouse Purchase
- Handled $31.5 Million Purchase Financing for Private Bank Secured by Southampton Property
- Represented Lender in $18 Million Refinance of North Salem Residential Propety
- Closed $38 Million Commercial Loan for Private Bank Secured by Four (4) Properties in Brooklyn
- Represented Commercial Lender in connection with $40 million loan secured by 163 unit building in Queens
- Represented Lender in Connection with $20,100,000.00 Commercial Credit Facility
- Closed $27 Million Loan for Commercial Lender Secured by Multiple Property Portfolio of Connecticut
- Closed $24 Million Refinance of Hotel Property for Commercial Lender
- Represented Commercial Lender in Connection 12 Million Loan Secured by Five Properties
- Represented Private Bank in Connection with Multi-State $4 million Credit Facility
- Represented Private Bank in Transaction Ivnolving Three Custom Loans Totaling $4 million for same Borrower Encumbering Multiple Properties
- New Fannie Mae/Freddie Mac Building Requirements That are Affecting the New York City Real Estate Market
- Saving a Real Estate Investor From Foreclosure Who Was in Default of His Mortgage, Common Charge and Real Estate Tax Obligations