The Real Deal New York

Posts Tagged ‘richard bassuk’

  • singer

    20 Exchange Place and Andrew Singer

    Developer DTH Capital said it will complete the long-awaited conversion of the landmark Financial District building at 20 Exchange Place into a full residential tower, after obtaining $240 million in financing.

    Andrew Singer of Singer & Bassuk Organization served as the broker for the loan, which Natixis Real Estate Capital provided. The conversion at the Lower Manhattan property, formerly called the City Bank-Farmers Trust Building, is largely complete. A group of lenders including German commercial bank Helaba provided a $256.5 million construction loan in 2006. [more]

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  • From left: Richard Bassuk of the Bassuk Organization, Stephen Rosenberg of Greystone

    Mortgage lender Greystone and the Bassuk Organization, a provider of real estate investment banking services, are launching a joint venture to offer financing products for commercial real estate clients across the U.S., the companies announced today.

    Greystone, headquartered in New York City with 17 offices nationwide, manages roughly $15 billion in assets and specializes in multifamily and commercial mortgage loans. The Bassuk Organization, meanwhile, operates as a real estate finance intermediary and advisory firm, with clients drawn from developers and investors in the tri-state area. [more]

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  • George Comfort renegotiating $160M loan

    September 04, 2009 09:41AM

    George Comfort & Sons, the firm that made the largest office investment purchase this year when it bought World Wide Plaza for $590 million, is 30 days delinquent on a $160 million loan on a Bryant Park office building, commercial loan tracking firm Trepp reported.
    The securitized loan on 119 West 40th Street, a 340,219-square-foot building, was listed as 30 days late “because the terms of the loan are currently being renegotiated,” a source familiar with the situation said in an e-mail, but would not elaborate. … [more]

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