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Goldman produces $163m in financing.

M. Robert Goldman & Company, Inc. has produced $163,450,000 from its correspondent relationship with Genworth Financial, Inc. in the past 18 months.

Genworth Financial is the recently formed insurance company that includes businesses from GE Financial Assurance and GE Mortgage Insurance.

Included in the total was $110,750,000 in financing arranged by MRG for the Richmond, VA based institution last year.

In addition, M. Robert Goldman has already closed six deals totaling $25,500,000 in financing this year with a pipeline of an additional $27,200,000 according to Jonathan Goldman, Executive Vice President of the Jericho, N.Y.-based MRG.

Among the financing completed last year were: $19,000,000 in financing for a 537,351 square-foot shopping center, Port Chester, N.Y.; A $6,600,000 loan for a 60,000 square-foot single-executive office building at 250 Crossways Park Drive, Woodbury, N.Y. and; $3,750,000 in financing for a 65,000 square-foot owner-occupied industrial building at Two Harbor Park Drive, Port Washington, N.Y. and; A $3,600,000 loan for a 64,500 sq. ft. owner-occupied industrial building located at One Harbor Park Drive, also in Port Washington, N.Y.

Also included in the financing was a $14,700,000 loan for a 560,000 sq. ft. Wal-Mart Distribution Facility located at 1080 Charleston Regional Parkway, Charleston, South Carolina.

"Our success producing loans for both Genworth and GE Asset Management is the result of a strong relationship which has existed since the day we were appointed correspondent in 2000," says Mr. Goldman. "The extensive work we've performed over the four years has enabled MRG to become one of the financing institution's top mortgage banking partners."
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Title Annotation:Finance: real estate
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Sep 29, 2004
Previous Article:Real estate tops ISS industry governance rankings.
Next Article:Firm closes $27m in loans.

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