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M. Robert Goldman & Company.

M. Robert Goldman & Company announced it has completed a $30 million financing package for the development of Victorian Gardens, a new 402-unit garden apartment complex in Holtsville, N.Y. MRG principal, Jonathan Goldman announced that the loan was placed through a leading domestic insurance company.

Originated by Robert Gladitsch of M. Robert Goldman & Company, the $30 million mortgage is a 25-year self-liquidating loan with a 7.71 % interest rate. According to Mr. Gladitsch, MRG beat out both Freddie Mac and Fannie Mae on the transaction. He noted that the agencies usually wins these types of projects, but because of the exceptional rate and MRG's access to lenders who were able to tailor the loan to the specific needs of the borrower, M. Robert Goldman & Company won the deal.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Sep 6, 2000
Words:128
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