1. covering all of long island, new york city and upstate new york
N E W Y O R KnyTUESDAY, MAY 2, 2006
Tel: 781-878-4540 / Fax: 781-871-1853 / 800-654-4993 / nerej@rejournal.com / www.rejournal.com
REPRINTED FROM THE
DEVELOPMENT TEAM IS PALINS OF PALM ENTERPRISES AND HERSCO OF UNITED HOMES
Titan Capital funds $25m pre-construction
land loan for 220,000 s/f tower project
BROOKLYN,NYOnApril5th
a groundbreaking ceremony
tookplaceat306GoldStreet
in Brooklyn. The property
will be developed with a
thirty-five story, 220,000
squarefoottower. Thistower
will have 214 luxury resi-
dentialunitsaswellasground
level commercial usage and
on site garage parking. The
luxury residential units are
expected to bring in a pre-
mium price because of the
views and convenience to
downtown Manhattan. The
developers have already
broken ground on the identi-
cal tower adjacent to the
property this past January.
The towers will be the larg-
est of their kind in all of
Brooklyn.
The development team be-
hind the groundbreaking is
comprised of Mickey and
Dean Palin of Palin Enter-
Rendering, 306 Gold St.,
Brooklyn.
Shown (from left) are: David Saferstein, Titan Capital; Ira Saferstein,
Titan Capital; Dean Palin, Palin Enterprises; Ron Hershco, United
Homes; and Brooklyn borough president Marty Markowitz.
prises and Ron Hershco of
United Homes.
Along with numerous real
estateprofessionals,theevent
attracted prominent New
Yorkers such as Brooklyn
Borough President Marty
Markowitz, Mayor Michael
Bloomberg, and Guard-
ian Angels founder Curtis
Sliwa.
This landmark project was
madepossibleinpartduetoa
$25 million acquisition loan
from Titan Capital. The de-
velopmentteamsoughtadeal
from Titan Capital and
Titan’s president Ira
Saferstein because of the
company’s long standing
reputation for reliability and
execution. TitanCapitalwas
able to close this loan in just
ten days.