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Crestline Direct Finance, Summit Capital Funding lend $16M on Lower East Side Condo Building

A partnership between developer Sheryl Hempel and Prosper Property Group has landed a $16 million debt package to complete a planned condominium development on Manhattan’s Lower East Side, Commercial Observer has learned. Crestline Direct Finance and Summit Capital Funding supplied the two-year floating-rate loan for the sponsorship’s six-story, 12-unit condo project at 330 Grand Street. The debt package will refinance an existing $12.35 million construction loan provided by Park...
New York United States Zach Redding Eddie Bender Sheryl Hempel Dylan Kane
Source: yahoo.com

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State Attorney General announces further actions in investment scheme

State Attorney General announces further actions in investment scheme State Attorney General announces further actions in investment scheme New Jersey Attorney General Gurbir S. Grewal has announced several actions by the New Jersey Bureau of Securities in its ongoing investigation of the now-defunct First Standard Financial Company, LLC, of Red Bank, a broker-dealer whose agents defrauded customers as part of an excessive trading scheme, according to a press release. In early December, First ...
New Jersey United States Frank Venturelli Gurbirs Grewal Andrep Davis Jeffrey Broten

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