David Bistricer and the Bridge Apartments at 111 Wadsworth Avenue and 1360 St. Nicholas Avenue (Credit: Studio Scrivo and Google Maps) David Bistricer’s Clipper Equity just got a debt injection from Freddie Mac for an apartment complex that straddles the interstate leading to the George Washington Bridge. The owner entity, which includes investor Jacob Schwimmer, secured a $136 million refinancing of the 480-unit Bridge Apartments at 111...Read More
June 1, 2017
Spruce, a new startup looking to speed up the mortgage-closing process, has raised $4.5 million in its Series A financing from Bessemer Venture Partners, Omidyar Network and Third Prime Capital, along with a slew of private angel investors. Founded by two former employees of the robo-advisory wealth management company Betterment, the new startup is notable for a few reasons.