1255 22nd Street

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First Niagara Bank

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David Raphaelsdelete
Marcy Finkdelete
Paul Cronindelete
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Date02/12/2015
Greenwich Coverage
E-teaser Status
CA Status
IOM Status
Term Sheet Status
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DEAL TRACKING COMMENTS
DateComment
07/01/2015Left voicemails and sent introductory email to Paul and David -- duke
07/06/2015Handed off to Marcy Fink, and she was unable to access the link. Provided FTP access last week, and followed up with a voicemail today. -- duke
07/10/2015Left voicemail -- duke
10/29/2015Call with Marcy Fink on 7-10-15 - Their construction portfolio & allocation is pretty full at this time. Their allocation for the DC area is $35 million. They non-recourse financing tops out at 60% LTC and they would require a completion guarantee as well as an interest + carry guarantee until stabilized (not truly non-recourse). They don't know the sponsors so that would be difficult. They have seen HVCRE add 40-50 bps in pricing, and they had no problem with preferred equity above them, but potentially with mezz would. -- duke