Daniel of Silo Financial Corp. closes seven financing transactions totaling $23.25 million

Silo Financial Corp. continues to close large loans—quickly and frequently. In just the first three months of 2010, the Stamford, Conn.-based lender has closed deals totaling $23.25 million. Among these transactions were Property Acquisitions to Mortgage Refinances to Cash-out Mezzanine Blanket Loans, arranged by Jonathan Daniel of Silo. Silo's recent loans include: * Refinance a $2 million first mortgage on a condominium investment property in Tribeca located at 88 Laight St.; * Refinance a $3.25 million first mortgage on a SoHo commercial cooperative renovation located at 383 West Broadway, SoHo, Manhattan; * Note acquisition financing in the amount of $3.5 million for a 6,500 s/f five-story, multifamily building with additional mortgaged collateral. The property is located at 54 State St. in Brooklyn Heights. * Cash-out $1.8 million mezzanine blanket loan on two single tenant properties in Greenwich, Conn.; * Refinance a $1.2 million second mortgage blanket loan on a mixed-use commercial property in New Haven, Conn.; * Refinance a $4 million first mortgage on 9.5-acre +/- horse estate located at 160 John St., Greenwich, Conn.; and * A $7.5 million construction completion first mortgage on 22,000 s/f speculative estate property located at 11 Langhorne Ln., Greenwich, Conn. "We successfully originated over $23 million in loans last quarter and we see tremendous opportunity for continued growth. Our style of lending involves a lot more listening to special circumstances, rather than just evaluating numbers and scores and immediately rejecting a deal. Our 'creativity' and willingness to explore different and unusual solutions in an expeditious manner enables us to structure loans that work for a borrower's specific needs," according to Daniel, CEO of Silo. "In this economy, borrowers can not afford to speculate on a private lender. With one chance to capture an opportunity quickly or take advantage of a restructuring with an existing lender, borrowers need clarity on terms and certainty of execution more than ever. With many of the private lenders of years passed sidelined due to rescinded or expired credit lines and/or portfolios of problem loans, very few private lenders actually have the wherewithal to close on new loans," said Daniel. A private real estate investment company, Silo Financial provides a broad range of specialty capital, including bridge mortgages, mezzanine loans, preferred equity and other structured debt and equity products. Silo specializes in flexible solutions to meet capital needs not typically accommodated by banks or traditional institutions. Since 2001, Silo has earned an exceptional reputation for consistently finding and closing deals, even in the turbulent current market that has seen lending—and closed deals—grind to a virtual halt. Recognizing that every transaction is unique, Silo's objective is to fully understand the circumstances and situation behind every transaction—the borrower's requirements, real estate asset(s) involved, exit strategy and more. Loan-to-value ratios, interest rates and terms vary by situation, risk profile and type of loan. In a business that's all about relationships, expediency and creativity, real estate professionals have come to appreciate the straightforward, professional approach of Silo Financial and the commitment to ethical business and exceptional service. Headquartered in Stamford, CT, Silo Financial Corp. is a direct mortgage lender that provides solutions to meet financial needs not typically accommodated by most banks and traditional lenders. Silo specializes in providing short-term bridge loans secured by most types of commercial and investment property, focusing on loans from $1,000,000 to $20,000,000, including special situation, time-critical and difficult financing. The firm has developed an exceptional reputation for structuring and funding complex loan transactions in a timely and efficient manner. Additionally, Silo is actively seeking to help existing real estate owners and investors restructure and/or acquire non-performing loans.