Goldman arranges $51m Nationwide financings.

M. Robert Goldman & Company, Inc. has arranged financing totaling $51.25 million in four transactions through its relationship with Nationwide Life Insurance Company of Columbus, Ohio.

The loans were originated on behalf of Nationwide's Capital Markets program where the mortgages are securitized after being closed. Commonly known as a conduit loan, the subject financings enabled the borrowers to obtain aggressive terms associated while utilizing the origination platform of one the oldest and best-respected life insurance companies, providing the borrower with a "best of both worlds" approach.

"Nationwide, following the lead of principal, John Hancock, Union Central Life and Prudential, all pioneers in the hybrid life/conduit loan, has developed a very strong program in that they offer a number of quantifiable advantages over a typical Wall Street loan," said Jonathan Goldman, executive vice president of the firm and the originator of the loans.

"Unlike nearly all of their peers providing capital markets transactions, Nationwide is willing lock the interest rate upon application without a separate hedge agreement in what is commonly known as a 'life company' rate lock."

Two of the loans were originated on behalf of Menowitz Management, one of the oldest developers in New York. The first was the $26,250,000 refinancing of 91-31 Queens Boulevard in Elmhurst, Queens, a six-story, 84,393 s/f multi-tenant office building with first floor retail and kiosks.

Just to the west of 91-31 at 89-55 Queens Boulevard, MRG secured a $4,500,000 loan on a 7,600 sq. ft. two-story retail building uniquely situated on a triangular entire city block between Queens Center and Queens Place Malls.

In two additional transactions for AVR Realty, MRG arranged a $9,000,000 loan on an 83,300 s/f flex property at 800 Corporate Drive, Mahwah, New Jersey, and an $11,500,000 loan was placed on 525 Broad Hollow Road, Melville, New York, a 108,000 s/f research & development building.