$100 Million in Real Estate Loans Facilitated for Cooper Square Realty Properties
New York, August 16, 2012 – Cooper Square Realty, the New York subsidiary of FirstService Residential Management, has announced that more than $100 million in loan placements have been facilitated for properties in its management portfolio this year by its financial partner, FirstService Financial, Inc. (FFI).
All of the transactions were fixed-rate 10-year mortgages for cooperatives and apartment buildings in New York City and feature rates as low as 3.03%. FFI is a preferred mortgage broker for banks and other major lending institutions to provide financing or refinancing at the most competitive interest rates and terms available.
“FFI does an outstanding job providing professional guidance to assist our cooperatives and condominiums in fulfilling their financing requirements,” says Dan Wurtzel, President of Cooper Square Realty. “We are delighted to be able to offer highly favorable financing options to the more than 500 properties in our management portfolio.”
—Read more online at CBS Money Watch