Sterling Empire Funding.Sterling Empire Funding recently placed a $2.5 million mortgage on an industrial property in Midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town Manhattan. The loan had a very unique feature in that it had no personal guarantees to the borrower, on a property that was 90% owner occupied "Owner occupied" may also refer to a housing cooperative Owner occupied is a classification of UK housing tenure as described by the Department for Communities and Local Government, a UK government department that has amongst its remit the monitoring of the UK housing stock. . Sheldon Sontag negotiated the transaction. The company also arranged a $550,000 cashout refinance Refinance 1. When a business or person revises their payment schedule for repaying debt. 2. Replacing an older loan with a new loan offering better terms. Notes: When a business refinances they typically extend the maturity date. on a 25-unit walk-up apartment building in Midtown Manhattan. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion