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Pergolis Swartz Associates, Inc.


Pergolis Swartz Associates, Inc. has announced the following transactions:

* John Harrington The name John Harrington refers to several people:
  • John Harrington (hockey player), American Olympic hockey player who was involved in the 1980 Winter Olympics' famed "Miracle on Ice"
  • John Harrington (Red Sox CEO)
 negotiated a construction loan in the amount of $3.355 million for ten, three-family homes in the Bronx, N.Y.;

* Richard Pergolis and Barry Swartz arranged a permanent mortgage in the amount of $2.7 million for a six-story, elevator elevator, in machinery
elevator, in machinery, device for transporting people or goods from one level to another. The term is applied to the enclosed structures as well as the open platforms used to provide vertical transportation in buildings, large ships,
, apartment building on Avenue B in New York City New York City: see New York, city.
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.
;

* Interim financing Interim financing

A short-term loan made to a company on the condition that a takeout will follow with long-term or intermediate financing.


interim financing

The financing that supports a transaction until permanent financing can be arranged.
 in the amount of $4.95 million was arranged by Barry Swartz for vacant land on 125th St. in New York City;

* Interim financing was obtained by Barry Swartz in the amount of $3.2 million for a parking lot on the lower West Side of New York City;

* A permanent mortgage in the amount of $3 million was negotiated by Barry Swartz for a five-story, walk-up, apartment building on Avenue B in New York City;

* David Tobin arranged permanent financing Permanent financing

Long-term financing using either debt or equity.


permanent financing

The long-term financing that supports a long-term asset.
 in the amount of $2.9 million for a commercial property with both offices and stores in the Bronx, N.Y.;

* Interim financing in the amount of $1.5 million was arranged by Barry Swartz for vacant land on E. 110th St. in New York City;

* $2 million in permanent money was obtained by Barry Swartz for a five-story, walk-up, apartment building on 128th St. in New York City;

* A permanent first mortgage in the amount of $3.4 million was arranged by David Tobin for a 60,000 s/f office building in Jericho, N.Y.
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Article Details
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Title Annotation:mortages, transactions
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Feb 1, 2006
Words:240
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