Category Archives: Bloomberg

Wealthy Individuals Finance Commercial Property for Yield

Miramar Square

Margaret Collins and Oshrat Carmiel March 10, 2011, 9:11 AM PST When Sumeet Parekh bought a retail property in Manhattan’s TriBeCa neighborhood in January, individual investors provided about a quarter of the financing.Morgan Stanley put up a little more than half of the $6 million purchase price, and Parekh contributed about $1.25 million. He got […]