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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 / [email protected] / www.rejournal.com
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DEVELOPMENT TEAM IS PALINS OF PALM ENTERPRISES AND HERSCO OF UNITED HOMES
Titan Capital funds $25m pre-constructionland loan for 220,000 s/f tower project
BROOKLYN, NY On April 5tha groundbreaking ceremonytook place at 306 Gold Streetin Brooklyn. The propertywill be developed with athirty-five story, 220,000square foot tower. This towerwill have 214 luxury resi-dential units as well as groundlevel commercial usage andon site garage parking. Theluxury residential units areexpected to bring in a pre-mium price because of theviews and convenience todowntown Manhattan. Thedevelopers have alreadybroken ground on the identi-cal tower adjacent to theproperty this past January.The towers will be the larg-est of their kind in all ofBrooklyn.
The development team be-hind the groundbreaking iscomprised of Mickey andDean 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, UnitedHomes; and Brooklyn borough president Marty Markowitz.
prises and Ron Hershco ofUnited Homes.
Along with numerous realestate professionals, the eventattracted prominent NewYorkers such as BrooklynBorough President MartyMarkowitz, Mayor Michael
Bloomberg, and Guard-ian Angels founder CurtisSliwa.
This landmark project wasmade possible in part due to a$25 million acquisition loanfrom Titan Capital. The de-velopment team sought a deal
from Titan Capital andTitan’s president IraSaferstein because of thecompany’s long standingreputation for reliability andexecution. Titan Capital wasable to close this loan in justten days.
