Andrew J Singer

Andrew J. Singer is the Chairman & CEO of The Singer & Bassuk Organization. Mr. Singer is a member of the Board of Governors of the Real Estate Board of New York, past Chairman of the Finance Committee of the Real Estate Board of New York and the past Chairman and current Vice Chairman of the Real Estate and Allied Trades Division of UJA Federation of New York. In April 2008, Mr. Singer won the Real Estate Board of New York's coveted Most Ingenious Finance Deal of the Year Award for the fourth time and for the second straight year. This was a complex $225 million financing of the rehabilitation of a major apartment house in Tribeca that unlocked substantial sums of untapped equity for the ground lessor. The 2006 transaction was the $256,500,000 construction financing of 20 Exchange Place in Lower Manhattan. It was the first time a broker has won the Award twice for arranging separate financings on the same property. In 2005, Mr. Singer won the Award for arranging the acquisition financing of 20 Exchange Place - combining first mortgage, senior & junior mezzanine, and mezzanine credit enhancement of an adjacent Liberty Bond project to procure 96% acquisition financing for a 40% occupied property with declining cash flow. In 2001, the winning transaction was The Kaufman Portfolio, which involved arranging loans totaling $205 million in a single placement covering the office buildings at 437 Madison Avenue, 747 Third Avenue, 777 Third Avenue, and 77 Water Street in Manhattan. Since 2003, Mr. Singer has been directly responsible for arranging mortgage and mezzanine financing in excess of $10 billion. His activities included arranging financing, often for the second, third or fourth times, for major office and residential properties including Carnegie Hall Tower, 747 Third Avenue, 777 Third Avenue, 230 Park Avenue South, The Archive, 50 Murray Street, The Lucida condominium, and 255 East 74th St, a condominium. In the past 8 years, SBO has arranged financing of more of the apartments created under the Financial District residential conversion program than any other party, totaling construction and permanent loans in excess of $2 billion. Among the Financial District projects in which Mr. Singer has been involved are 63 Wall Street, 67 Wall Street, 20 Exchange Place, 200 Water Street, 45 Wall Street, 88 Greenwich Street, 71 Broadway, 99 John Street and 50 Murray Street. Mr. Singer has been engaged on numerous occasions as an "expert witness" to testify in various real estate litigation and arbitration matters. His clients in these matters have included some of the largest property owners and most prominent law firms in New York City. Mr. Singer has been a guest lecturer on numerous occasions at Columbia University, New York University, The University of Wisconsin and at a variety of corporate meetings.