Hello and thank you for your question.
I have listed below a number of lenders that will provide 15-year
financing on a multi-family building. Not all of the lenders are
banks--most are private companies, but I have included references to
morgage brokers who represent banks and private companies alike.
But before you contact them individually, please take a look at
Blackburne & Brown Mortgage Company, Inc
http://www.c-loans.com/onlineapp/
I suggest you submit your specific information at this site and see if
their stable of lenders can satisfy your needs.
If Blackburne & Brown does not work out for you, I suggest you next
register with the Mortgage Bankers Association site:
MBA OnLine
http://www.mbaa.org/
Although they are not specific to the New York area, they have a
discussion area for multi-family financing, and offer other avenues to
obtain financing.
Next, the New York Assn of Mortgage Brokers
http://www.nyamb.org/htdocs/broker.asp
offers the following mortgage brokers in the New York City region:
Basil Capetanakis
14 Apollo Associates
480 76th Street
Brooklyn, NY, 11209
Phone: 718-238-1354
Fax: 718-833-7893
Anthony Ursino
A.S.U. Mortgages
8823 Third Ave
Brooklyn, NY, 11209
Phone: 718-745-6969
Fax: 718-745-1081
Email: ausino@aol.com
Bisram Ramharack
All American Realty Corp
3059 Eastchester Road
Bronx, NY, 10469
Phone: 718-379-2121
Fax: 718-379-0191
Scott Lanoff
American Success Mortgage
826 Broadway
New York, NY, 10003
Phone: 212-473-3933
Fax: 212-473-5075
Email: scottlanoff@american-success.com
Also, via Yahoo, I have singled out the following lenders (not banks,
however):
Commercial Mortgage Yes
http://www.commercialmortgageyes.com/multipledwellings.html
GALA RESOURCES
http://www.galaresources.com/
M Robert Goldman
http://www.mrg-co.com/trans.html
Sumimoto
http://www.sumitomo-ny.com/about/financing.html
Winter & Company
http://www.winterandcompany.com/mainframe.html
Under permanent loans they specifically refer to fixed-rate 10 to 30
year terms.
Finally, you might consider the following list of 80 lenders (not all
of them offer multi-family loans, so this list might be a last
resort):
New York New York ( NY ) Mortgage & Loans
http://www.new-york-mortgage-loans-ny.com/New-York.htm
[please ignore the pop-up ad]
Search terms used:
Yahoo
http://dir.yahoo.com/Regional/U_S__States/New_York/Metropolitan_Areas/New_York_Metro/Real_Estate/Mortgage_Loans/Commercial/
Google
"fixed rate" "15-year" multi-family
Thanks again for letting us help with your search. If you find any of
the above unclear or if it does not meet your needs, please request
clarification and I will be happy to help. I would appreciate it if
you can hold off on rating my answer until I have a chance to reply.
Sincerely,
Google Answers Researcher
Richard-ga |
Clarification of Answer by
richard-ga
on
14 May 2003 07:05 PDT
Hello again:
Your best prospect for banks that grant fixed-term (15-year)
self-liquidating mortgages on multi-family properties are those banks
that participate in the Freddie Mac PLUS program
http://www.freddiemac.com/multifamily/sellpp01.htm
Although you will again find many non-bank lenders and consolidators
on that list, it includes the following New York qualified bank
contacts:
Ms. Robin Thomson
Senior Vice President
Apple Bank for Savings
New York, NY
(212) 224-6456
www.theapplebank.com
New York-New Jersey-Connecticut CMSA
Mr. John M. Cannon
Senior Vice President, Managing Director
GMAC Commercial Mortgage Corp.
Horsham, PA
(215) 328-1396
www.gmaccm.com
[GMAC is not a bank but they may be willing to deal with an outside
broker like yourself]
Mr. Richard C. DeZego
Executive Vice President
HSBC Bank, USA
New York, NY
(212) 525-1120
www.banking.us.hsbc.com
New Jersey (Warren County)
New York-New Jersey -Connecticut CMSA
New Jersey (Warren)
Mr. Saverio Giarrusso
Senior Vice President
M&T Bank
New York, NY
(212) 350-2643
www.mandtbank.com
Connecticut (Western)
Massachusetts (Western)
New York
New York-New Jersey-Connecticut CMSA
Also, have you tried the Blackburne & Brown Mortgage Company, Inc
http://www.c-loans.com/onlineapp/
Search engine? The banks that provide mortgage bids to your
specifications would certainly be likely prospects
And I continue to suggest that you register with the Mortgage Bankers
Association site:
MBA OnLine
http://www.mbaa.org/
to see what New-York area banks participate in their programs.
I hope you find this helpful in your search. If you need more from
me, please let me know.
P.S. I suggest you contact answers-editors@google.com and ask that
they delete your personal email and other identifying information from
your clarification request. You'll want to first print out this
clarification since it may disappear in the cleanup process.
Sincerely,
Richard-ga
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