Corigin Real Estate Group created a lending division today, focusing on short-term debt financing for properties in the New York area ranging from $1 million to $20 million, and has begun with three transactions totaling $8.5 million. While the borrowers requested that the real estate builder, owner and operator keep the exact location of the properties private, the company confirmed that two of them were in Lower Manhattan.
Corigin Real Estate Group, formerly Coalco New York, owns property in New York, New Jersey, and Florida and is the developer behind Midtown’s Element and Jersey City’s Canco Lofts Condominiums. TRD [more]