$69m finance package includes William street tower.M. Robert Goldman & Company, Inc. (MRG MRG Merge MRG Minority Rights Group International MRG Mad River Glen (Vermont) MRG Mouvement des Radicaux de Gauche (French: Left Radical Movement) MRG Manyetik Rezonans Görüntüleme ) has concluded three transactions for Lighthouse Real Estate Ventures, completing an assignment that began at the end of 2003. Lighthouse Real Estate Ventures is a real estate investment company specializing in transforming under-managed properties performing at below market levels into valuable, high-occupancy, quality tenanted assets. The value of the three transactions totaled $69.8 million. The largest of the three transactions was a $55,000,000 refinancing loan for a 386,295 square foot class "A" office building that is considered one of the premier buildings in lower Manhattan The following is a list of buildings in Lower Manhattan, particularly New York City's financial district, and especially Wall Street. Wall Street
The property is situated at 100 William Street William Street may refer to:
New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , on the southwestern corner of downtown Manhattan's Insurance District and centrally located within the finance district. The financing for the 21-story building was organized and placed with Bear Sterns by MRG's Jonathan Goldman, Executive Vice-President of the Jericho, N.Y.-based commercial mortgage banker Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. . MRG also arranged an $11,000,000 refinancing loan for a 109,560 square foot building at 444 Merrick Road, Lynbrook, N.Y., that serves as Lighthouse Real Estate Ventures' headquarters. The building lies on a 2.96-acre site in southwestern Nassau County. The funding was utilized by the borrower to satisfy existing debt, lease up the property, and recoup the substantial equity invested since their acquisition of the property in 1997. The financing for 444 Merrick Road was organized and placed by Mr. Goldman with Travelers Life Insurance Company, a subsidiary of CitiGroup, one of the largest providers of personal insurance products in the United States. Lastly, MRG placed $3,800,000 in acquisition financing with Woodmen of the World Woodmen of the World is a fraternal organization in the United States that operates a large privately held insurance company for its members. Its colorful history includes the erection of numerous distinctive tombstones depicting tree stumps across the country before 1930, Life Insurance Society, for a landmark building in central Nassau County commonly known as the "Franklin National Bank Franklin National Bank, based in Franklin Square in Long Island, New York was once the United States' 20th largest bank. On October 8, 1974, it collapsed in obscure circumstances, involving Michele Sindona, renowned Mafia-banker and member of the irregular freemasonic lodge, building." Located at 925 Hempstead Turnpike in Franklin Square, N.Y, the 36,012 square foot building was the site of the nation's first drive-through banking window as well as where the consumer credit card was first conceived. The loan enabled the borrower to complete the purchase of the .25-acre property, which will be restored to its former stature as a prominent commercial mixed use building, situated in western Nassau County on one of its primary east-west arteries. Based in Jericho, New York Jericho is a hamlet (and census-designated place) in Nassau County, New York on the North Shore of Long Island. As of the United States 2000 Census, the CDP population was 13,045. , M. Robert Goldman & Company, Inc. is a privately held mortgage banker with a servicing portfolio of over $1.1 billion. |
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