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Teachers Insurance Sells Six Mortgages

NEW YORK CITY-Several first mortgage loans secured by office buildings in the area are sold on behalf of a local insurance association. Buyer is a major savings bank.

By Glen Thompson | Updated on September 24, 2001

NEW YORK CITY-Primary mortgages on six office buildings have been sold to a major savings bank. The seller is Teachers Insurance and Annuity Association.

According to Jeannette Boccini, spokesperson for Sonnenblick-Goldman, which arranged the sale, a confidentiality agreement stipulates the buyer remain undisclosed. Boccini did say that the purchaser is “a major savings bank” with “assets throughout the US.”

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