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[ Standard Program ] [ Small Multifamily Loan Program ] [ Small Commercial Loan Program ] [ New York Area Properties ] [ Non-Traditional Financing ]

Thanks to CFG's new relationship with GCP Capital Group (see the November 7, 2000 Press Release for more details), CFG is now able to better serve the needs of local commercial property owners in the NY-Metro area. This territory principally covers New York, New Jersey and Connecticut. Through our long-standing involvement with many area banks, we have a wide variety of alternatives for owners with properties in these areas. While we will continue to offer the "Wall Street" option, we understand that many borrowers prefer to work with banks, with their generally simpler process.

We have excellent sources for both permanent and construction loans in the New York metro area. Our construction sources are unparalleled in the area, and we invite you to speak with us about your construction needs.

In order to compete with the conduit loans, many banks have begun lending on a non-recourse basis. This is a change from the past when all banks required recourse, regardless of the situation. Most banks have an array of loan term options, such as:

5, 10 or 15 year balloon loans
5 + 5 loans, where the loan is for 10 years, but resets in year 6
5 + 5 + 5 loans, where the loan is for 10 years, but resets in years 6 and 11
Some banks even offer 5 + 5 + 5 + 5 loans, with resets in years 6, 11 and 15

With the majority of these loans, the prepayment schedule is based on a declining scale, such as 5% in the first year, and declining 1% per year.

The bottom line is that CFG is poised more now than ever to satisfy your borrowing needs. Please give us a call to discuss your options.

Judd A. Volk, President
60 Cutter Mill Road Suite 402 Great Neck, NY 11021
(516) 466-0550 Fax: (516) 487-5944

All transactions where we act as a commercial mortgage broker will be handled under the letterhead of GCP Capital Group LLC