Pembrook Capital Management Commercial Real Estate Finance
New York, NY (Business Wire) 10 February 2011
Pembrook Capital Management, LLC (“Pembrook”), a commercial real estate investment management, was originally three separate financing commercial properties totaling $ 26.6 mm in the past 30 days, including in Boulder, Colorado and two in New York. The funding was $ 12.4 Boulder mortgage first bridge to refinance and lease-up of an office / R & D campus in Boulder, CO was the first New York City a capital investment and $ 5,000,000 in the recapitalization of an apartment building 31 luxury -story Midtown, which is leased long-term as an Extended Stay hotel preferred. The second New York City’s assets in the financial district of Manhattan location, a mezzanine loan $ 9.25MM in connection with the refinancing of an office building on 16 floors, the long-term lease is being transformed as a center of accommodation was occupied by students and the Pace University.
“These operations continue Pembrook investment program for the commercial real estate loans and targeted investment in preferred shares by the U.S.,” said John Garth, CEO of originations for Pembrook. “The flat form of direct development to succeed Pembrook source quality enables real high, with solid fundamentals and developer experienced and well capitalized,” said Mark Fluent in Los Angeles ..
Pembrook origin and acquires commercial real estate debt in the form of first mortgages, equity loans first mortgage B-notes and mezzanine loans in the major markets in the United States. Asset classes are the goal of multi-family office, retail and multi-tenant, medical office and storage and distribution of rental properties with a well-diversified. Pembrook is also involved in the bond markets in need and ensure financing of or joint venture with the owners to buy back its own debt or the debt of third parties.
Stuart J. Boesky, President and CEO of Pembrook, said: “Our team has exceeded the expectations and pace of originations for the rest of the year, we believe that opportunities such as these assets continue to arise, we will continue to focus on asset .. quality and strength of borrowers. “
Pembrook, March since 2007, has about 320 million in loans and investments in CA, FL, GA, LA, NY, NJ, PA, VA and WI.
Pembrook Capital Management, LLC is a commercial property management, investments that gives developers and owners of capital at the national level, the acquisition and / or origin of debt and real estate shares. Through its subsidiaries, Pembrook also focuses on other community-related opportunities such as loans to low-income housing tax, New Market Tax Credits and Clean Energy Finance. The company was founded by Stuart J. Boesky, the former CEO of CharterMac 1997-2005 (now the central axis of Capital Group), the CharterMac to one of the largest financial services, real estate held in the nation to be.
Contact
:
Garth John
originations East Coast
CEO
T 646-388-5938
646-388-5907 F
jgarth
(at) pembrookgroup (dot) com
Http: / / www.pembrookgroup.com
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