One of the activities of the NIR Group is a Real Estate fund. The main service it offers is mortgage loans which has “different levels and types of risks than mortgage loans originated by more traditional lenders (such as banks, insurance companies or conduit lenders).” Thus these loans generally return a higher yield, shorter-term. In general with hard money mortgage loans like the ones offered by NIR the borrower incurs a more costly fee, there is a greater demand for such loans due to the following factors: the borrower wanting to “limit equity dilution” due to involving an equity investor to provide the necessary funds; “tighter loan underwriting standards” used by the standard mortgage lenders and “borrowing timing issues” that need an “expedited loan closing” that do not incur the delays regular financing usually means.
Mark your calendars for March 9 to help benefit Sunrise Day Camp. You are invited to a private shopping event in NYC. Situated at Bergdorf Goodman, next month you will be privy to champagne and hors d’oeuvres and the talents of personal shoppers on the premises while going on a private shop at the store. As well there will be a great raffle with prizes from top designers. So indulge a little, and, while you’re doing it, remember what benefit you will be giving to Sunrise Day Camp. Corey Ribotsky is a supporter of Sunrise Day Camp, the “only dedicated day camp in the nation for children with cancer.”
The NIR Group, headquartered in Roslyn New York, is a unique investment firm which places it emphasis on specialization. Corey Ribotsky, managing member and head portfolio manager sees the advantages of specialization in the following way:
“We believe at the NIR Group that specialization gives our investors the best road to meeting their goals. Our guiding principle is to adhere to a consistent core strategy and then follow through with it to the greatest extent possible. Each fund we create has a particular strategy in mind, giving each fund the ability to focus on and succeed according to its pre-established core strengths. The idea behind the philosophy of specialization is that it gives our investors at NIR the ability to choose the single strategy that they wish to follow, giving them exactly what they want."