Gomberg Financial Services, Commercial Real Estate Lender
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What's New
October 2015
Gomberg Financial arranges CMBS blanket loan of $12.325M for three South Florida Shopping Centers (2 purchases & 1 refinance)

GFS is pleased to announce that we have closed a $12.325M blanket loan for three Shopping
Centers in Southern Florida.  The centers, encompassing over 100,000 rentable sqft, are located
in Fort Lauderdale, Delray Beach and Boynton Beach.  Two of the centers were 1031 purchase
transactions and the third was a refinance transaction.

We placed the loan with one of the largest CMBS lenders in the country.  In the middle of the
transaction the “B” buyers changed their underwriting guidelines going from an 8 debt yield to
a 9 debt yield.  They also increased the reserve requirement to be approximately 10% of the
loan amount.

Due to the time constraints of the 1031 purchases we had to bring in a preferred equity lender
to bridge that gap.  This turned into a very challenging transaction and we closed the loan
before the 1031 deadline.  The loan is fixed for 10 years with an interest rate in the high 4’s and
amortized over 30 years.

Shoppes of Delary Shopping Center, Delray Beach, FL
April 2015

Gomberg Financial arranges purchase loans of $5.375M for two South Florida Shopping Centers

Gomberg Financial Services has arranged a 71% LTV $4.1M acquisition loan for a Fort Lauderdale FL Shopping Center with 40,400 square feet of rentable space.  The property was only 73% occupied at closing.  The lender allowed the Seller to write a master lease bringing the occupancy to 79% to meet their underwriting requirements. This retail center had deferred maintenance of over $200,000, which was escrowed at closing.

Gomberg Financial Services has arranged a 75% LTV $1.275M acquisition loan for a Boca Raton FL Shopping Center with 6,500 square feet of rentable space. The center was 100% occupied at closing.

Both of these loans were placed with a local bank that offers very competitive interest rates and very low pre-payment penalties. The interest rate for the 3-year term was around 3%, amortized over 25 years.

Pinecrest Square Shopping Center, Fort Lauderdale FL
February 2013
Gomberg Financial arranges $6.438M refinance loan for Richmond VA Shopping Center
Gomberg Financial arranged a 72% LTV $6.438M refinance loan for this Richmond VA Shopping Center with 154,000 square feet of rentable space. The loan is fixed for ten years at 6.37% and amortized over 25 years. The original loan amount was increased by $138,000 to enable a hold back for deferred maintenance. We initially starting working with the owner a year ago when the property was less than 60% occupied and had several delinquent tenants. By working with a new management company the delinquent tenants were either evicted or paid their arrears. The occupancy at loan closing had been raised to 78%.

March 2012
Gomberg Financial arranges Fannie Mae 82% LTV purchase loan

Gomberg Financial arranged the financing for the purchase of a 53-unit apartment property in Lynn MA. The purchase price was $2.915M and the loan was for $2.4M which equals 82.3% LTV. The interest rate of 4.4% is fixed for 10 years, amortized over 30 years and is non-recourse to the borrower.

Adding complexity to the deal was obtaining a waiver from Fannie Mae so the borrower could carve out a piece of land on top of the hill behind the property that the buyer anticipates building on in the future. The total legal fee to accomplish this from Fannie-Mae was only $9,500.  We also had to get a variance to get the proper number of units legalized and upgrade the smoke and sprinkler certificates for the Fire Dept. 

January 2012
Gomberg Financial advises on Fannie Mae loans

Gomberg Financial recently worked with a client to refinance three apartment buildings in Lynn MA with a Fannie Mae lender.  We reviewed all loan documents and helped negotiate more favorable terms on several issues such as pre-payment penalty and required holdbacks/escrows.   Our in-house Underwriter also assisted the borrowing in preparing his loan application financial package.

Our expertise in Fannie Mae loans has been acquired over the years through our previous relationship as a correspondent for LaSalle Bank and by closing over 150 Fannie Mae loans.


December 2011
Gomberg Financial Facilitates sale of Worcester Mill

Gomberg Financial Services is pleased to announce that we acted as a Financial Advisor in helping the buyer and seller negotiate this purchase transaction.   The subject property located in Worcester MA is a U-shaped Mill complex containing over 300,000 square feet.  The complex, also known as Legacy Mill, has been approved for the development of 191 residential units.  The project has received preliminary approval from both the Federal and State National Landmark Registration Office.

The buyer, Brady Sullivan Properties of Manchester NH, has over 20 years of experience converting Mill complexes throughout New England.  They have successfully converted dozens of mill properties into commercial and residential units.  They expect to break ground on this project in early spring of 2012.

The seller, VTT Properties of Framingham MA, is one of the country’s fastest growing owners of Apartment Buildings with close to 5,000 units nationwide.  Part of their impetus for selling the Mill was to focus on purchasing existing properties rather than starting this project from scratch.


More News...


March 2011

Gomberg Financial Services becomes correspondent with Fannie Mae lender

GFS has become a correspondent with a Fannie Mae lender that we previously closed about 50 commercial loans with. We both feel that the smaller markets around the country offer the greatest potential for buisness because they are under capitalized. We lowered the closing costs and streamlined the time for closing loans to 45 days.

February 2011

Gomberg Financial Services receives four loan approvals from new Nationwide lender

Two refinance loans for apartment buildings in Hartford CT, a refinance loan for a mixed-use building in Manchester CT and a refinance loan for a mixed-use building in Concord NH. Interest rates range from 5.81-6.5%

December 2010

Warren Gomberg purchases two apartment buildings in Gloucester, MA

Warren purchased both properties as distress sales for a total of $530,000.

Nine-Family Building
Six-Family Building


December 2009

Warren Gomberg sells long-term interest in Boston's "Restaurant Row"

January 2009

Gomberg Report to add retail office and industrial properties.

October 2008

Warren Gomberg catches large Trout up in Vermont. Click here to check it out.

June 2008

Delaware, Iowa, Kansas, Maryland, Missouri, West Virginia and Wisconsin properties have been added to the Gomberg Report

April 2008

Request a "Quick Analysis" of a potential purchase of refinance nationwide

We are able to respond to you with quick feedback of whether we feel a deal you are considering would make sense based on the parameters you provide us.

Just complete this simple form and we will have feedback for you within one business day.


October 2007

Ohio, Indiana, Tennesse, Kentucky and Pennsylvania properties have been added to the Gomberg Report

We are pleased to announce that we added apartment listings in these select five Mid-western states to the Gomberg Report.


Sept. 2007
Gomberg Lending, LLC closes first loan in Kentucky
Refinance cash-out loan for a 28-unit apartment building

June 2007
GFS closes $4.25M Interest Only refinance loan with interest rate in high 5's
Subject property was a 28-unit over 55 apartment complex

March 2007
Gomberg Lending, LLC closes first loan in Vermont
Purchase/refinance loan for 30 apartments

June 2006
GFS announces formation of Gomberg Lending LLC
We are now a direct lender for 4 great loan programs

June 2006
GFS closes $9,000,000 purchase loan
Subject property is a 355-unit luxury apartment complex in Indiana

April 2006
New Express Financing Program offers best rates
Your alternative to the high fee Three Max Express

Feb. 2006
Who are the people behind the Gomberg Report?
They compile and update all the property listings

Feb. 2006
New Mezzanine program offers 85% LTV financing
Available for Multifamily loans over $1,000,000

December 2005
Gomberg Financial closes 300th commercial loan!
Our 300th commercial loan funded on Dec. 30th

July 2005
Ten percent down purchase financing available

An "A" lender now offers an option to buy with only 10% down

March 2005
A "Day in the Life" of a GFS employee

Do we work our staff too hard?

Jan. 2005
Check out our "Preferred R.E. Brokers"

A listing of the leading Commercial Real Estate Brokers in New England

Fall 2004
GFS occupies new office building
After 3 months of renovations we move into our own building 

Aug. 2004
Warren tells another big fish story
It took Warren almost a year to top Jeana's catch (see Sept. 2003)

May 2004
Interest rate for 10 year term under 5%

With interest rates on the rise, consider this the "good old days"

Sept. 2003
Warren gets out fished by his girlfriend
Novice fisherwoman outshines the more experienced Gomberg

Sept. 2003
100-unit purchase loan in New York state
$2.24M loan fixed for 10 years 

Aug. 2003
New West Coast program offers rates below 5%
Debt Coverage Ratio of 1.15% on 30-year amortization

July 2003
Interest rate of 5.07% fixed for 10 years
$1.2M refinance loan

April 2003
Mother and Child Reunion
Honey, our new office greeter, had an emotional reunion with her son

April 2003
24-story apartment building purchase financed
Complex deal involved 5 separate transactions

March 2003
$1.36M loan with an interest rate below 5.5%
80% LTV for purchase of 27-unit apartment building

March 2003
New ARM program with Great Rates
Up to 80% LTV available

Feb. 2003
New employee welcomed to our team
After an extensive national search we found the perfect fit

Oct. 2002
$2,850,000 loan with an interest rate below 6%
Fixed for 10 years and amortized over 25 years

Sept. 2002
Warren got a new hobby this summer
As a result, he used a lot more napkins

Aug. 2002
36-unit property purchased with 10% down
GFS client puts $130,000 down for a $1,350,000 purchase

June 2002
GFS closes $3,800,000 purchase loan

Loan was for 74-unit purchase and rehab, plus additional collateral

Feb. 2002
Buy Commercial Real Estate with 10% down
New program allows secondary financing up to 90% CLTV

Jan. 2002
40,000 sq. foot retail and office bldg.

$1,575,000 loan for downtown Framingham property

Oct. 2001
$2.5M commercial construction loan

To be used for 10-house subdivision in Hingham, MA

Oct. 2001
80 units acquired with a rate of 7.1%
Fannie Mae 5/50 program offers great rates.

Aug. 2001
GFS originates financing of 90 apts.
90 units in Lynn, MA were purchased for $2.1M

July 2001
Matty Gomberg out-fishes his father
Warren's 12-year old son caught a 41-inch Striped Bass.

June 2001
GFS closes Fannie Mae 5/50 loan
We recently closed our first 5/50 loan with a rate below 7.5%.

June 2001
Warren Gomberg reels in big fish
Warren recently caught a nice-sized Striped Bass off the coast of Marblehead Neck.