Tag Archives: mortgages

Blue Asset Management LLC to Offer Mortgages for Sale in Hudson County New Jersey

Blue Asset Management LLC, an investor and sub-servicer of commercial mortgages, announced they are offering for sale a pool of first mortgage loans collateralized by properties valued in excess of $6 million and located in Hudson County.

Wayne, NJ, November 17, 2012 – Blue Asset Management LLC, an investor and sub-servicer of commercial mortgages, announced they are offering for sale a pool of first mortgage loans collateralized by properties valued in excess of $6 million and located in Hudson County.

According to Charles Blumenkehl, managing partner of Blue Asset Management LLC, “These loans represent collateral of some of the finest assets in the gold costs of Jersey City and surrounding towns.” Blumenkehl continued, “These mortgages offer safe haven for mortgage investors in New Jersey, providing considerably higher than market yields while offering desirable underlying collateral in excellent locations.”

Blumenkehl said the loans were assembled from several purchases made over the last 18 months. The loans are both performing and non-performing, and are being offered as a package or separately. For more information about the loans, Blumenkehl invites investors to log onto his firm’s website at www.blueassetmanagementllc.com or contact the company directly at 973 835-1400.

Contact:
Charles Blumenkehl
Blue Asset Management LLC
2282 Hamburg Tpke
Wayne, NJ 07470
(973) 835-1400 ext. 234
cblue@bluerealty.com
http://www.blueassetmanagementllc.com

SMJ Property Group Acquires Three Building Multi Family Portfolio in Jersey City for $1.57 Million

SMJ Property Group, a family owned and operated New Jersey real estate investment company has announced the purchase of three separate apartment properties totaling 28 units in the Heights section of Jersey City.

Jersey City, NJ (USA), Tuesday – December 06, 2011 — SMJ Property Group ( http://www.SMJPropertyGroup.com ), a family owned and operated New Jersey real estate investment company has announced the purchase of three separate apartment properties totaling 28 units in the Heights section of Jersey City according to Steven Porada, head of acquisitions at the company.

The first building located on South Street is an 8 unit building featuring all one bedroom apartments and commanded a purchase price of $434,000.

The second building, located on Sherman Avenue also has 8 units, all one bedroom apartments, and commanded a purchase price of $449,000.

The third building, located on Hutton Street has 12 units, has all 2 bedroom apartments and commanded a purchase price of $687,000.

All three properties were purchased from by the same owner who is a private real estate investor.

Investment specialist Steven Porada, assisted by brothers Michael Porada and Jonathan Porada, headed the transaction.

“It was a great transaction for both buyer and seller. The seller benefited from the ease and convenience of a single buyer for all three properties. We as the buyers were able to simultaneously close these three transactions, efficiently adding these properties to our portfolio” says Michael Porada.

The three new mortgages were originated from the NJ branch of a New York based community bank at a rate of 5.25%, fixed for 5 years and amortized over 30.

This transaction brings SMJ Property Group to its fifth Jersey City acquisition and their sixth acquisition in Hudson County for the year 2011.

“We have a few closings pending, one similar to this one in which we are purchasing a four building portfolio from a single owner in Harrison, NJ. In addition to that, we have more deals in the pipeline that we are confident will be closed on before the years end. Investors entertaining the idea of selling their Hudson County multi-family properties are encouraged to contact us” added Steven Porada.

About SMJ Property Group:
Established in 2010, SMJ Property Group focuses on multi-family acquisitions in Hudson County, NJ. Their concentration is on mid-rise apartment properties primarily in the towns of Weehawken, North Bergen, West New York, Union City, Jersey City, Harrison & Kearny. For more information you can visit their website at http://www.SMJPropertyGroup.com

Press & Media Contact:
Steven Porada
SMJ Property Group
20 Condict Street
Jersey City, NJ 07306
201-640-8134
Steven@SMJPropertyGroup.com
http://www.SMJPropertyGroup.com

Unique Adjustable Rate Mortgage Calculator Uses Historical Data and Futures Contracts

Mortgagecalculator3.com combines historical data, futures contracts and dynamic visualization tools to provide insightful adjustable rate mortgage comparisons. The new tool makes calculating variable rate mortgage payments simple and easy.

Rome, Italy, February 10, 2011 — Mortgagecalculator3.com is excited to offer a free calculator that makes it easy for U.S. and U.K. consumers to understand and compare adjustable rate mortgages (ARMs).

The new Website takes an innovative approach that distinguishes it from all other adjustable rate mortgage calculators. It combines futures contracts and historical data to create realistic interest-rate scenarios and insightful variable rate mortgage calculations. Mortgagecalculator3.com features engaging tools that provide a visual comparison of different types of mortgages, such as pure ARMs with monthly adjustments, hybrid ARMs and fixed-payment ARMs. Users can customize scenarios to test different hypotheses and save different simulations to analyze later.

“By combining futures contracts and historical data with dynamic visualization tools, Mortgagecalculator3 lets you easily compare various long-term and monthly ARM payments for optimal financial planning”, said Daniele Mazzini, who created the calculator.

Understanding variable rate mortgages is crucial for responsible financial planning, according to Mazzini. His adjustable rate mortgage calculator facilitates the process by giving users interactive tools and visualization charts that make mortgage planning simpler and easier to understand. Mortgagecalculator3.com represents the ultimate tool for estimating and simulating different scenarios with variable rate mortgages. It allows users to:

* Create scenarios based on updated (every week) futures data for the first five years (USD/GBP LIBOR).
* Use historical data for periods beyond the one covered by futures.
* Create scenarios that show month-by-month payments and totals.
* Visually compare two different plans and compare ARMs with fixed rate mortgages.
* Simulate options like “capped rate” or “fixed payment – variable term” ARMs and instantly see their effects based on the scenario.

Like most products, Mortgagecalculator3.com originated out of sheer necessity. Mazzini created the initial version of the adjustable rate mortgage calculator about a year ago while researching mortgages to buy a home in Italy. He scoured the Internet for tools to help him better understand his financing options, but none of them effectively illustrated the pros and cons of adjustable/variable rate mortgages. He wanted to calculate exactly how much the monthly payment would rise if the interest rate increased at a given time. However, Mazzini said: “Unable to find a tool that satisfactorily calculated this, I decided to create one myself-first for my own need and later to share with others around the world who might also be looking for the same information.”

Mazzini created the first edition of the calculator for consumers in Italy, where adjustable rate mortgages are quite common. Recently, he released a Spanish version of the Website at www.simuladorhipotecario.es. Now, Mazzini has developed mortgagecalculator3.com to give borrowers in the United States, United Kingdom and other English-speaking countries an opportunity to simulate potential payments using a relevant interest rate index. The release of mortgagecalculator3.com comes at a time when ARMs are increasing in popularity in the United States after years of being shunned by borrowers. The trend is being driven by their attractive pricing. ARMs have considerably lower rates than 30-year fixed mortgages and sometimes offer more flexible underwriting standards. A popular ARM is the “5/1” hybrid, which offers a fixed rate for the first five years and then adjusts annually for up to 25 years. According to projections by Freddie Mac, ARMs will be used by one in 10 borrowers this year. Mortgagecalculator3.com gives potential borrowers an easy way to determine the best possible option for their needs.

For more information about the free adjustable rate mortgage calculator for U.S. and U.K. consumers, please visit www.mortgagecalculator3.com.

About Daniele Mazzini:
Born in Italy in 1974, Daniele Mazzini has a strong passion for computer programming. He began programming when he was 11 and has continued to do so as a hobby. Mazzini also possesses an entrepreneurial spirit that resulted in the development of an e-letter Website known as Quilla Mail. Now with mortgagecalculator3.com, he is expanding his role as a visionary and innovator. Mazzini holds an engineering degree (M.Eng) and works as a project manager for an IT company in Rome.

Press & Media Contact:
Daniele Mazzini
MortgageCalculator3.com
Rome, Italy
+393293271733
mutuostudio@gmail.com
http://www.mortgagecalculator3.com