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Trump signs bill expanding college assistance for veterans

By DARLENE SUPERVILLE Associated Press BRIDGEWATER, N.J. (AP) - President Donald Trump on Wednesday signed into law an updated veterans' education bill that marks the largest expansion of college assistance for military veterans in a decade. The Forever GI Act immediately removed a 15- year time limit on the use of GI benefits. The measure also increases financial assistance for thousands serving in the National Guard and Reserve, building on a 2008 law that guaranteed veterans a full-ride scholarship to any in- state public university , or a similar cash amount to attend private colleges . Veterans Affairs Secretary David Shulkin , who joined Trump for the signing, said the new law also provides benefits to Purple Heart recipients whose injuries forced them to leave the service. Benefits can also now be transferred to the eligible dependent of service members who are killed in the line of duty. Veterans would get additional payments for completing science, technology and ...

Transactions: Eastern Union’s $36.9M loan for Bronx portfolio, Meridian’s $2.6M for Cedarhurst co-op

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Finance & Accounting By REW •   April 26, 2017 Eastern Union Funding arranged the following transactions: A $36.9 million first lien mortgage for the acquisition of an 11- building multifamily portfolio in Bronx, NY. This transaction was arranged by Jonathan Singer and David Metzger. A $10,500,000 first lien mortgage for the acquisition of a 197- unit multifamily in Pennsville, NJ. This transaction was arranged by David Singer. A $5,000,000 first lien mortgage for the refinance of a 61- unit multifamily on 40th St. in Sunnyside, NY. This transaction was arranged by Michael Muller. A $2,200,000 first lien mortgage for the acquisition of a 6, 800 sf industrial property on Route 114 in East Hampton, NY. This transaction was arranged by Marc Tropp. A $1,450,000 first lien mortgage for the refinance of a 3- unit multifamily on South Lakeshore Dr . in Browns Mills, NJ. This transaction was arranged by Jeffrey Seidenfeld and Jonathan Singer. ••• Meridian Capital announced t...

IDA approves tax breaks for Glen Cove apartment-retail project

Uniondale- based RXR Realty will receive more than $1.2 million in tax breaks to build a downtown Glen Cove apartment and retail project , the Glen Cove Industrial Development Agency decided Tuesday night . The IDA unanimously approved $1.24 million in mortgage and sales tax exemptions for Village Square, which, in addition to 146 apartments and 15,000 square feet in retail space, will include a 16,000-square- foot plaza deeded to the city for public events. Most Popular The board also approved 18 years of payments in lieu of taxes, or PILOTs, that will start at $183,062 for the first three years and increase 2 percent annually for 15 years. The value of that property tax break is undetermined. All seven candidates in the Sept. 12 Democratic City Council primary and the Democratic mayoral candidate , Councilman Timothy Tenke , attended the meeting and said afterward they support redeveloping the 2.8-acre site, most of which is comprised of vacant buildings. But they oppose the t...