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Brokerage
Posted: May 26, 2008
Grzebinski of Rose Hill arranges $2.9m financing
According to Daniel Monte, president of The Rose Hill Group of WNY LTD (RHG), the firm has arranged $2.9 million in permanent financing for Manlius Marketplace Retail Center. Thomas Grzebinski II, VP arranged the financing through Delaware Investments, a correspondent life insurance company.
The 16,221 s/f development was constructed in FY07 and is fully occupied by 11 retail tenants. The project enjoys high visibility along Cazenovia Rd., a major thoroughfare within this suburban market. The borrower was undisclosed.
RHG's upstate correspondent life company lenders include AIG, Allstate Life Insurance Company, American Equities, CUNA Mutual / Members Capital, Delaware Investments (Jefferson Pilot), Genworth Financial, Green Park Financial, National Life of Vermont, Nationwide Life Insurance Co., Ohio National Financial Services, Protective Life Corp. and Security Mutual.
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