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$730.2 MILLION IN LENDING FACILITATED IN MANHATTAN BY SINGER & BASSUK

Since December, financial intermediary and mortgage broker Singer & Bassuk Organization (SBO) facilitated over $730 million in funding for eight Manhattan properties, including the $120 million 88 Leonard Street, the company's largest deal in the first quarter of 2005. The Tribeca-area property features 386,000 sq. ft. of mixed-use office, retail and residential space, including 352 apartments. The largest SBO deal over the last six months is 325 Fifth Avenue, a $178.9 million mixed-use development featuring 40 floors of 250 luxury condos and 6,000 sq. ft of retail space. The project is expected to be completed in 2006.

TOP 8 SBO MANHATTAN DEALS SINCE DECEMBER

FUNDING PROPERTY
$178.9 million 325 Fifth Avenue
$120 million 88 Leonard Street
$116 million 95-97 Horatio
$92 million 18 West Street
$82.5 million 90 Washington Street
$75 million 111-115 Fifth Avenue
$50 million 67 Wall Street
$15.8 million 109-121 110th Street

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