News:
Spotlight Content
Posted: May 16, 2023
2023 Ones to Watch Rising Stars: Anthony Flaccomio, ERG Commercial Real Estate
Commercial Real Estate Advisor
ERG Commercial Real Estate
Number of years at firm: 3
One thing on my bucket list: Seeing NY Jets go to Super Bowl.
When I am not working, I am: In Del Ray Beach, Florida with my daughter and still working on deals.
What recent project, transaction or accomplishment are you most proud of? During the course of the last 12 months, I originated, serviced and closed four commercial loans for the same borrower totaling in the multi millions. Strict banking loan standards made loan approvals very difficult; so much so that the majority of our banks actually turned down the deal. I successfully found a major bank to approve the loan, work through minor environmental issues, marginal lease income, all with refinancing at a competitive interest rate and holding the rate during a period of sharp Fed tightening. I mention this achievement because without our firm’s banking relationships and our finance division’s servicing, these loans would not have closed.
What makes this nominee a RISING STAR?
“Anthony’s ability to connect with his clients is what has allowed him to stand out. He is able to create strong relationships with his clients which allows them to feel comfortable working through the challenging situations this business sees on a day-to-day basis.” - Ryan Lewis, Managing Director at ERG Commercial Real Estate
Tags:
Spotlight Content
MORE FROM Spotlight Content
Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin
When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
.png)
Quick Hits
.gif)
.jpg)
Columns and Thought Leadership
Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra
Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
Properly serving a lien law Section 59 Demand - by Bret McCabe
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
The strategy of co-op busting in commercial real estate - by Robert Khodadadian
In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen
The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:
Formal Legislative Role
• Limited direct lawmaking power: The NYC Council is the primary
.gif)