Category : Debt & Equity

As the Fed’s debate, now is the time to lock in low rates
Debt & Equity

As the Fed’s debate, now is the time to lock in low rates

REW
by REW744
By Mark Scott, Founder & President Commercial Mortgage Capital There is has been a rapid rise in rates over the past three weeks. While many people are saying that rates will decline again, a number of Federal Reserve presidents are saying that they may raise rates as soon as this...
Accounting network helping Gettry Marcus move up in the world
Debt & Equity

Accounting network helping Gettry Marcus move up in the world

REW
by REW803
Gettry Marcus CPA, P.C. is celebrating one year as the first North American member firm of TGS-Global, an international network of independent accounting firms. In the initial year that Gettry Marcus has been a member of TGS-Global, the organization has restructured with new initiatives underway. Steven L. Marcus, managing partner...
Cayuga Capital draws crowd to Brooklyn
Deals & DealmakersDebt & EquityFeatured

Cayuga Capital draws crowd to Brooklyn

REW
by REW1564
Realty Mogul has completed its first-ever crowdfunding project in New York, raising $1.6 million from 46 investors for two apartment buildings in Brooklyn and enabling project sponsor Cayuga Capital Management to recapitalize the property. Jilliene Helman, CEO of Realty Mogul, said “The buildings in this transaction are directly in the path of growth in Brooklyn and so represent an opportunity for our investors to be positioned for long-term value creation."
Debt & Equity

GS Wilcox arranges $60M in loans

REW
by REW778
G.S. Wilcox & Co. announced that they have arranged financing in the amount of $60,625,000, arranged by Gretchen S. Wilcox, president, and Al Raymond, principal. Five loans have been made with Thrivent Financial for Lutherans. One loan for $9,950,000 was secured by a 230,000 s/f warehouse building located at Exit...
Debt & Equity

New borrowers have a lot going on, says Kennedy Funding

REW
by REW941
Kennedy Funding Financial LLC has arranged a $3.2 million loan backed by a $15 million Manhattan penthouse. Gregg Wolfer, COO of the Englewood Cliffs, NJ-based direct private lender, said the funding was obtained by Franklin Place New York, LLC, a two-year, interest-only loan that carries a starting interest rate of...
Debt & Equity

$50M Mission accomplished for Columbia Pacific Advisor

REW
by REW904
Mission Capital Advisors Debt & Equity Finance Group arranged a $50 million financing facility for Columbia Pacific Advisors’ real estate lending strategy. The Mission Capital team of Jordan Ray, Ari Hirt, Alex Draganiuk and Axel DeAngelis represented Columbia in securing the facility from an offshore bank. Columbia Pacific’s real estate...
Debt & Equity

First Nationwide continues to expand

REW
by REW837
First Nationwide Title Agency, which launched with 12 professionals two-and-a-half years ago, is moving to bigger offices to accommodate is rapidly expanding staff. The company now has a staff of more than 50, and a legal team comprised of a total of ten attorneys, and an experienced paralegal. “Our attorneys...
Debt & Equity

FIve reasons NYC property tax revenue keeps rising

REW
by REW818
Increase in property market value – Property tax is levied as a percentage of assessed value. Whenever there is an increase in the assessed value of a property, this prompts an increase in the property tax revenue. Increase in real estate inventory – When there are new developments and/or construction in the...
Top tax deductions for home owners
Debt & EquityResidential

Top tax deductions for home owners

REW
by REW999
For most people, owning a home is like moving a step up the American-dream ladder. It is indeed wise of you to buy a home instead of continuing to pay hefty rent. Your home is an excellent investment in the long run because it helps you not only build up...
Cushman duo heads to Marcus & Millichap
Deals & DealmakersDebt & Equity

Cushman duo heads to Marcus & Millichap

REW
by REW876
Marcus & Millichap Capital Corp. (MMCC) has added two mortgage brokers in the firm’s Brooklyn office. John Wilcox, MMCC’s eastern division vice president, said Roger Kapsalis and Lior Goldberg have joined the firm. They will focus on providing mortgage brokerage services for clients in Brooklyn and throughout NY Metro area. Kapsalis...