$29,000,000 First Mortgage
March, 2010, Altman Warwick arranged a seven year first mortgage on a 63,000 square foot retail condominium located on Flatbush Avenue in Brooklyn. The subject is part of a recently completed 310,000 square foot vertical retail development shadow-anchored by the largest Target store in the country. National tenants include AJ Wright, David’s Bridal, AT&T Wireless, Applebee’s and Children’s Place. Altman Warwick negotiated a 75% loan-to-value loan which is rare for a commercial property in today’s capital constrained market. Moreover, the higher leverage was achieved without any increase in the coupon.

$7,350,000 First Mortgage
February, 2010, Altman Warwick arranged a first mortgage on a 38,500 square foot office building located on East Fordham Road in the Bronx. The property is fully leased to New York State, Division of Motor Vehicles on a long-term, triple-net lease.

The 72% loan was priced at 5.75% for a seven year term with a three year extension option.

$8,800,000. First Mortgage
June, 2009, Altman Warwick arranged a first mortgage on a 336-unit multifamily apartment complex located in Lake Ronkonkoma, New York. The five plus five year loan is interest-only and carries a rate of 5.50%.

$670,000 Loan Modification
May, 2009, Altman Warwick negotiated a Forbearance Agreement which provides for temporary "cash flow" mortgage payments until such time the borrower who is a partial owner-occupant, can continue to pay rent under his lease.

$11,500,000 Loan Restructuring
January, 2009, Altman Warwick has successfully restructured a defaulted note secured by a medical office building located in Great Neck, NY. Borrower received a 12 month principal payment moratorium and a reduction in the interest rate which savings are being used to pay for tenant improvements and other necessary capital improvements.

$5,600,000 Discounted Payoff
December, 2008, Altman Warwick, on behalf of Boulevard Investors, LLC, negotiated a discounted payoff of a performing note secured by a 110,841 square foot shopping center in Wilson, NC. Although the center was 100% occupied and the loan was cash flowing at a 1.20 debt coverage ratio, Altman Warwick identified an opportunity to negotiate a significant discount from a securitized lender who was unable to securitize the loan, saving its client $730,000.

$4,850,000 First Mortgage
December, 2008 - Altman Warwick arranged a first mortgage secured by a 110,841 square foot shopping center in Wilson, NC, which proceeds allowed the borrower to take advantage of a discounted payoff negotiated by Altman Warwick on an existing CMBS loan. Despite the tight lending environment, Altman Warwick was able to arrange a ten-year loan priced at 6.30% with no reserves.

$45,000,000 Construction Loan
Spring 2007, Altman Warwick financed a new ground-up development of an ultra-luxury high rise condominium tower in the Chelsea section of Manhattan located at the corner of 24th Street and 11th Avenue. This development is the first of its kind in all of New York to have separately contained parking garages for each apartment actually located within the apartments themselves via the use of a private car elevator. Each unit has the finest amenities with beautiful views overlooking the Hudson River.

$10,000,000 Permanent Loan
Spring 2008, Altman Warwick closed a 10-year fixed-rate loan on 20,000 sq. ft of prime SOHO retail store fronts. The property consisted of commercial retail condominiums occupied by 6 major high-fashion retail tenants at the intersection of Prince and Green Streets in NYC.

$57,600,000 Bridge Loan
Summer 2007, Altman Warwick closed a bridge loan on a 535,000 sf class A office property known as Southwest Corporate Center located at Highway 59 in Houston, TX. The property offers a vast array of amenities both on-site and off and is ideally suited for high density users with a space requirement demanding high technical infrastructure. The property was 70% leased at the time of closing. The loan was structured to provide for additional capital for future leasing and Cap Ex as well as funds for existing tenant lease extensions.