"Our lease at 304 is not up until December 31, 2008, but our expansion needs were so great-and the PWC deal was so favorable-that we really had no choice," says Steven Schnall, NYMC president. "Our 19,500 sf at 304 are now available for immediate sublease and on excellent terms, of course."
The New York Mortgage Company closed on nearly $2 billion of mortgages in 2002. The firm is licensed/authorized to do business in 24 states and plans are under way for additional expansion.
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