Audio Archive
" Syndicates of foreign banks are dipping their toes back in order to provide mortgage financing for office buildings in New York City late last month a group of six banks joined together to provide 215. Million dollar. Located at 100 park avenue 1 block from Grand Central station the building is owned by a joint venture. A dress so green realty -- I'm Prudential Financial the syndicate was led by German days Mecca and held a bank before the end of the year two German banks agreed to provide a 180 million dollars in first mortgage financing. -- established owner operator of the New York City office building. On the 25 story 800000 square foot office building located on seventh avenue in the garment center only a few blocks from Penn Station according to the trade the five year loan will bear interest. At a rate of approximately 5%. This is Michael -- for the Michael -- real estate report."
Audio|Mon, 2 Nov 2009|More from The Stoler Real Estate Report
|reverse mortgagesfound at0:23
“…qualify and must have substantial equity in their homes the current maximum reverse mortgages 625000. I can be paid to a homeowner as a lump sum in monthly payments or malign a credit. Lenders are repaid when the homeowner moves or by their -- the owner dies the volume -- and you were reverse mortgages -- toppled. 100000 units with more than seventeen billion dollars an outstanding loans baritone Leo of the national consumer -- says the city in reverse mortgage market seniors face some of the same aggressive lending practices …”
Audio|Mon, 2 Nov 2009|More from The Stoler Real Estate Report
|interest ratesfound at0:37
“…Are having severe difficulties in securing the necessary and lower financing with interest rates continuing to be near record lows individuals are seizing the opportunity of homeownership. Our failure to close in the record financing for …”
Audio|Wed, 28 Oct 2009|More from The Stoler Real Estate Report
|hell's kitchenfound at0:51
“…sixth and seventh avenue Hampton hotels. -- 48 is now open in hell's kitchen. . Eleventh avenue and 48 street. This is -- so for the Michael solar real estate report. …”
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