Search
 

Pembrook Capital Sets Its Sights Outside NYC

NEW YORK CITY-CEO Stuart Boesky talks with GlobeSt.com's Jacqueline Hlavenka about the company's recent commercial mortgage deals in Miami, Columbus, OH, and Columbia, MD, totaling $25.5 million in new investment.

By Jacqueline Hlavenka | Updated on August 28, 2012

NEW YORK CITY-Pembrook Capital Management, LLC, an investment firm that originates commercial real estate debt to finance multifamily, office, retail and industrial properties in high-barrier-to-entry urban markets, has completed several new deals outside of its traditional New York City radius. The company has provided a total of $25.5 million in financing for four new properties in Florida, Ohio, Maryland and California, which Pembrook CEO Stuart Boesky tells GlobeSt.com is a demonstration of the company’s flexibility and investment diversity across the country.

“Roughly half of our portfolio is in New York, but we are obviously lending nationally,” he says, noting that since Pembrook’s origination in 2006, the firm has originated and acquired 44 investments with a total value of approximately $495 million—and is growing.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.