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Park Place Mortgage



TRANSACTIONS: Roundup of the week's $1-$10 million loans

• A $1,000,000 first lien mortgage for the refinance of a multifamily on Putnam Ave in Brooklyn, NY. This transaction was arranged by Mendy Pfeifer and Motti Blau.


Hakimian Capital announced the funding of a $2,150,000 second mortgage on a 16-unit multi-family building located in Flushing, Queens. The sponsor, an experienced real estate investor, needed timely cash-out financing in order to capitalize on an alternative investment opportunity. The loan features a rate of 11.25 percent and a 12-month term.


Holliday Fenoglio Fowler announced $9.1 million financing for 405 Heron Drive, a 254,250 s/f, Class B industrial building in Swedesboro, New Jersey. The HFF team worked on behalf of the borrower, Burton Real Estate (BRE), to place a 10-year, fixed-rate loan with CUNA Mutual Group (CUNA).

Daily Digest

Gaming Convention Raises $2.8 Million for St. Jude

A two-day gaming convention in Tampa, Florida, raised enough money to cover the daily operating cost at St. Jude Children’s Research Hospital.

Now in its third year, GuardianCon brings fans and gaming industry professionals together for two days where they can interact among educational panels, live-streamed gaming exhibitions and industry vendors.

Leading up to the convention, organizers host a week-long, live-streamed gaming marathon with proceeds and donations benefiting St. Jude. Celebrity gamers live-stream their own fundraising broadcasts with antics such as getting tattoos or dying their hair for donations.

This year, participants exceeded a goal of raising the $2.4 million cost of operating the hospital for one day, raising more than $2.8 million to support St. Jude.

Popular streamers DrLupo and Ninja were among the gaming marathon hosts with DrLupo raising $659,300 for the event, and Ninja raising $580,800.

I am looking at manufactured homes in CA, I will place the home in a MH park can I use a realestate Mortgage?

I have been told it will be a chattel mortgage, apparently they run higher rates. The axle, wheels and draw bar will be removed why is this considered mobile?

Mortgages are what gives a lender security on a piece of real estate along with any attached improvements. A manufactured home on a rented lot is not considered real estate because it is not attached to the land.