New York Mortgage Company to provide financing for buyers at Beekman

Real Estate Weekly, July 11, 2001

The New York Mortgage Company, LLC will provide financing to buyers of luxury residences at The Beekman Regent, a new condominium development on Manhattan's East Side, according to Steven Schnall, president, and Joseph Fierro, chief operating officer.

The New York Mortgage Company, which closed on nearly $1 billion of residential and commercial mortgages in 2000, is one of the tri-state region's fastest growing and largest mortgage banking firms.

The 19-story Beekman Regent, at 351 East 51st Street, rises above the recently restored facade of a turn-of-the-century schoolhouse. The development comprises 64 luxury residences, ranging in size from 880 to 4,473 square feet. Prices range from $820,000 to $11 million.

The residences will be available for occupancy in the fall.

The Marketing Directors is the exclusive sales and marketing consultants.

"We're proud to be associated with this new development," says Mr. Schnall.