12A — November 8 - 21, 2019 — Lender’s Directory — M id A tlantic
Real Estate Journal
www.marej.com
Lender’s Directory
Emigrant Mortgage Company, Inc. EFC offers portfolio (bank-owned) small balance commercial/mixed use products E make sure borrowers get the funds they need in a timely fashion. County) New England Market
mi grant Mo r t gage Company, Inc. (Emi- grant) through its af- filiate, Emigrant Funding Corporation (EFC), offers portfolio (bank-owned) small balance commercial / mixed use products for first mortgage financing for most types of commercial real estate, includ- ing: multifamily apartment houses, mixed-use buildings, retail strips and office proper- ties. As a subsidiary of Emi- grant Bank, a 169-year-old New York savings institution, EFC is able to draw upon the vast resources of its parent to
Small Business Administra- tion (“SBA”) Lender offering SBA 7(a) and (504) Loans. Emigrant’s Commercial Lending Area includes: NY Market* • 5 boroughs • Nassau/Suffolk • Westchester/Rockland • Orange & Putnam NJ/PA/CT Market • New Jersey (All Coun- ties) * • Pennsylvania (Bucks, Chester, Delaware, Montgom- ery and Philadelphia Counties • Connecticut (Fairfield
Queens, Long Island and Westchester), New Jersey, Massachusetts, and Florida. Our Commercial Mortgage Specialist along with our in- house team of underwriters, appraisers and closers, facili- tate prompt decision making and processing of all loan ap- plications. If you would like to learn more about how Emigrant can help you with your clients, please reach out to Charles Ruffin, sales manager at Emi- grant Mortgage Company, Inc. at 646.423.8779. Charles is in his 8th year with Emigrant and has over 22 years’ experience originating commercial and residential loans. His primary role at Emigrant is to originate SBA, multifamily, mixed use, office, retail, warehouse, underlying co-op, and SRO loans. He also originates 1 to 4 family, condo, and co-op residential loans. Charles holds a JD/MBA and a NY Real Estate Broker’s License. Emigrant’s Small Balance Commercial Lending Program allows for loan sizes up to 5MM. As a portfolio lender, and with features such as no personal debt-to-income ratio, large cash outs, cross-collater- alizations, and deal structur- ing, Emigrant brings a unique underwriting approach to the commercial lending space. Greysteel arranges the sale and financing of 19-unit multifamily property in Arlington, VA ARL INGTON , VA — Greysteel , a national com- mercial real estate investment services firm, has arranged the sale and financing of 1325 N. Pierce St., a 19-unit mul- tifamily property, located in Arlington. Greysteel director, Ben- jamin Wilson and invest- ment associate, David Choi from the firm’s Washington, D.C. office solely procured the buyer on the transaction and Brendan Scanlon , also from the D.C. office arranged the acquisition financing on behalf of the borrower. The property sold for $8.6M. The 2005 built property is located at 1325 N. Pierce St., in the Rosslyn neighborhood of Arlington.
Emigrant’s commercial portfolio guidelines include purchase, rate/term refinanc- ing and cash-out refinancing transactions, full documenta- tion loan programs and amor- tization periods up to 30 Years. EFC’s full suite of programs and products provide financ- ing options for traditional borrowers, as well as foreign nationals, resident aliens and borrowers with low or no credit scores. EFC, through Emi- grant Bank, is a participating
• Massachusetts (Barnsta- ble, Bristol, Essex, Middlesex, Norfolk, Plymouth, Suffolk and Worcester Counties) Southeastern Market • Florida (Broward, Collier, Hillsborough, Lee, Miami- Dade, Palm Beach, Pasco, Pi- nellas and Sarasota Counties) *EFC’s Small Business Ad- ministration (SBA) lending area Emigrant maintains offices in New York (Manhattan,
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