The 11,000-square-foot mansion at 2 N. Moore Street in Tribeca wound up going for close to $24 million to financier Mark Zittman and his wife, Noelle, according to the Post. The revelation ends months of speculation over their identities since the listing went into contract earlier this year. The six-story, 65-foot-wide townhouse, originally listed for $35 million in 2008, has a 50-foot lap pool, three-car garage, staff apartment, library and media room. The current owners are television commercial producer Sherri Schnall and her husband, Steven, president of New York Mortgage Trust. The Corcoran Group’s Deborah Grubman and Carol Cohen had the listing. [Post]
Posts Tagged ‘new york mortgage trust’
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The 11,000-square-foot mansion at 2 N. Moore Street in Tribeca wound up going for close to $24 million to financier Mark Zittman and his wife, Noelle, according to the Post. The revelation ends months of speculation over their identities since the listing went into contract earlier this year. The six-story, 65-foot-wide townhouse, originally listed for $35 million in 2008, has a 50-foot lap pool, three-car garage, staff apartment, library and media room. The current owners are television commercial producer Sherri Schnall and her husband, Steven, president of New York Mortgage Trust. The Corcoran Group’s Deborah Grubman and Carol Cohen had the listing. [Post]
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Steven Schnall, founder of QuonticBankSteven Schnall thinks that 1,000 community banks will close in the next year.
Even so, he’s confident the one he’s starting won’t.
Schnall, a mortgage finance expert who founded New York Mortgage Trust, has redesigned the erstwhile Golden First Bank in Great Neck under the name QuonticBank, with initial capitalization of $12 million to $13 million — half of which came out of his own pocket.
Despite his bleak community bank market outlook, Schnall said that smart lending will help his enterprise eschew failure. He said his background in mortgage financing was a key motivator in his decision to launch Quontic (“ontic” coming from the Greek word “ovtoc,” meaning factual existence, and “qu” being the prefix for the word “quality,” according to a Schnall spokesperson).
“The reason these banks are failing — in almost all cases — [is] bad loans,” Schnall said. “Our philosophy is, ‘we’re here to lend, but you have to be credit-worthy and you have to have skin in the game.’” [more]
