Author Archives: ipgocorp

Astoria Federal Savings Appoints Stephen Sipola to Executive Vice President …

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Astoria Federal Savings Appoints Stephen Sipola to Executive Vice President …
The expansion of Astoria's Business Banking Group and the bank's re-entry into the multi-family lending market have proved to be critical components of Astoria's strategic shift in its balance sheet, through repositioned assets and liabilities …
Read more on Long Island Exchange

Banks again compete for realty loans – Miami Today News
… got rid of a lot of terrible-performing loans, and are very nervous for new loans. They are very aggressive." In some situations lenders are vying for deals, he said; there is competition for excellent loans in areas such as healthcare, office and multi …
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Tuesday's Top Tales in the United States
Commercial and multifamily loans had a seasonal dip in the first quarter of 2013 but are still 9% higher compared to last year and demand for commercial mortgage bonds has skyrocketed from a year earlier, the Mortgage Bankers Association said Tuesday.
Read more on MNI News

When the US starts to laugh…

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When the US starts to laugh…
Or for the middle manager of a car rental company in Cape Town and the construction worker in Johannesburg? Very much so. Housing prices are one of the primary signals for economic movements in the world economy and while this is a small movement …
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Small-term loans place schools at risk
Savanna School District, a small Orange County district, paid off its district construction loan with the help of $ 7.6 million in capital appreciation that will cost future taxpayers more than eight times that amount to pay back. ANA VENEGAS, ORANGE …
Read more on OCRegister (subscription)

Developer attempts to hold onto land
George Chapman stands outside the construction site of the Drury Inn and Suites on Interstate 40 West near Soncy Road in 2006. Advertisement. By KEVIN WELCH AND KAREN SMITH WELCH. Amarillo Globe-News … Bank trustee sales are scheduled for 10 a.m …
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Community Bankers Trust Corporation Reports Results For First Quarter 2013

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Community Bankers Trust Corporation Reports Results For First Quarter 2013
The ratio of the allowance for loan losses to nonperforming assets was 42.07% compared with 39.94% at December 31, 2012 and 36.01% at March 31, 2012. Adding diversity to the loan portfolio, multifamily loans increased $ 7.7 million, or 26.7%, on a …
Read more on Daily Markets (press release)

Hudson Realty Capital Secures M First Mortgage Loan for Multifamily …
NEW YORK—Hudson Realty Capital LLC has secured a $ 16 million first mortgage loan secured by a vacant multifamily property on Meserole Street in Brooklyn that was recently constructed. Located in the East Williamsburg section of Brooklyn between …
Read more on National Real Estate Investor

Preferred Apartment Communities, Inc. Announces Mezzanine Loan Investment …
In connection with the mezzanine loan, the Company was granted an option to buy the 308-unit multifamily community between the 37th and 41st months following the closing of the mezzanine loan for a pre-negotiated buy price of approximately …
Read more on MarketWatch (press release)