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Robert M. Goldman forges relationship with Woodmen.

An exclusive correspondent relationship with Woodmen of the World Life Insurance Society is giving both M. Robert Goldman & Company, Inc. (MRG) and M. Robert Goldman & Company of N.J., Inc. (MRG-NJ) a decided advantage in dealing with borrowers seeking construction and permanent loans.

Woodmen offers simple and efficient "one-stop" shopping for those in search of construction/permanent financing for substantially leased office, industrial and retail properties with loans ranging from $2 to $10 million, according to Jonathan Goldman, Vice-President of M. Robert Goldman & Company, a Jericho, N.Y.-based commercial mortgage banker.

"As an exclusive mortgage loan correspondent for Woodmen, we are able to provide our customers with one of the market's most desirable methods to receive fixed-rate construction financing for commercial properties," says Goldman. "There is only one set of documents for closing, resulting in simple conversion to permanent financing and significant savings on legal expenses.

"What's more, Woodmen construction loans are administered by a local correspondent which means that a representative is readily available for personal contact and problem solving."

To qualify for a Woodmen construction loan, borrowers must be experienced in the property type and have significant net worth relative to the loan amount, Goldman indicates. MRG and its New Jersey office service over $135 million of Woodmen loans and combined are one of the largest Woodmen correspondents in the country.

Recent transactions completed by both MRG and MRG-NJ with Woodmen include:

* $2.4 million in permanent financing for a 40,840 SF industrial and R&D building located at 3500 Veterans Memorial Highway in Bohemia, N.Y.

* $2.4 million in permanent financing for a 31,240 SF retail building located in the 98,710 square foot Hempstead Village Commons in Hempstead, N.Y. The building is occupied by AJ Wright and Lot Stores.

* $8.3 million in permanent financing for a 203,649 SF industrial building located at 2 Cranberry Road in Parsippany, N.J. The refinancing loan was for a 10-year term.
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Title Annotation:Woodmen of the World Life Insurance Society
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 5, 2002
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