Printer Friendly

MRG secures financing for Long Island projects.

Buoyed by relatively stabile office markets in both Nassau and Suffolk Countys, M. Robert Goldman & Company, Inc. (MRG) has arranged refinancing loans for four Long Island office properties totaling $93 million.

These transaction were possible thanks to our extensive roster of correspondent relationships which provides us the ability to draw upon a wide range of capital sources to fulfill individual client needs.

In each case, the borrower required different financing structures. One deal based on LIBOR, while the others had terms ranging from nine to 15 years. By maintaining a vast pool of correspondent relationships, we were able to match the borrower and lender and effectively arrange deals which satisfied their specific financing requirements.

Two of the transactions involved office buildings located in Garden City, N.Y We recently secured $30 million in financing for a 333,976-SF office building located at 711 Stewart Ave.; and completed a $14 million loan for two office buildings totaling 103,950 SF situated at 591 & 595 Stewart Ave.

Both loans were placed with The Guardian Life Insurance Company of America, who we represents as a mortgage loan correspondent. Additionally, we placed $24 million in financing with PPM America - on behalf of Jackson National Life Insurance Company - for a 362,224-SF, 4-story office building located at Two Huntington Quadrangle in Melville, N.Y.

We also secured $25 million in refinancing for the 289,305-SF office building at 1000 Woodbury Road in Woodbury, N.Y.
COPYRIGHT 2003 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:M Robert Goldman & Company Inc
Author:Goldman, Jonathan
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 12, 2003
Words:240
Previous Article:Brownfields no longer a dirty word for developers.
Next Article:Efficient closings save time and increase value.
Topics:


Related Articles
M. Robert Goldman & Company.
M. Robert Goldman adds to capital.
MRG enters agreement.
MRG, AIG reach agreement.
Goldman produces $163m in financing.
Bronx retail project's $43m loan.
Goldman arranges $56.5m financing for LI's Rechler.
M. Robert Goldman & Company, Inc. (MRG) has arranged financing totaling $201 million for The We're Group.

Terms of use | Privacy policy | Copyright © 2022 Farlex, Inc. | Feedback | For webmasters |