Search results for : david kosoy

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News Article

March 02, 2012
New fund acquires 11M in loan assets

A new fund by Sterling Financial Group has acquired nearly $11 million in loans after launching earlier this week.
The New Providence Income Fund, the third created by the Bahamas-based financial services provider, has made five commitments to a mix of commercial and residential properties.
David Kosoy, the chairman and CEO of Sterling Financial Group, inspected an industrial property in Miami yes...

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News Article

May 10, 2012
Sterling fund yields 5.22 return

The Sterling Financial Group is touting a solid 5.22 percent return in the first quarter on its latest fund offering.
Launched in February, the New Providence Income Fund (NPIF) has targeted a mix of commercial, residential and industrial loan assets over the past few months. NPIF has seen a monthly return of 3.03 percent in February and 2.13 percent in March.
David Kosoy, the chairman and CEO of...

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News Article

June 14, 2012
Loan activity picking up at Sterling

Sterling Financial Group is seeing an increase in its loan activity over the past several month evidenced by its recent $2 million in financing for an Albany homeowner, with the head of the firm saying its versatility as a lender made it an attractive partner to provide funding for high profile borrowers.

"It's often about responsiveness, flexibility and the service we can offer our borrowers," C...

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News Article

July 26, 2012
NPIF nets 10.5 return in 'flight to quality'

The New Providence Income Fund (NPIF), launched earlier this year, has recorded a 10.53 percent return for investors in the first two quarters of this year.
Sterling Financial Group further announced that the third fund created by the Bahamas-based financial services provider is targeting an annual return of up to 15 percent. Thus far, NPIF appears to be on track.
Executives at the fund said it's ...

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News Article

January 28, 2013
NPIF records 19.27 annual return

The New Providence Income Fund (NPIF) is reporting a 19.27 percent return for the year after targeting an effective mix of commercial, residential and industrial loan assets.
Launched in February 2012, Sterling Financial Group's latest offering has also appointed Mike Harris, a well-known Canadian consultant and former politician, to NPIF's board of directors.
The fund's annual report recorded a 1...

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News Article

March 03, 2013
Mario Carey Realty (ntroduces 40 Million P.I. Project

Nassau, Bahamas -- A project rising on the western end of Paradise Island is turning traditional real estate sales wisdom on its head -- building multi-million houses on spec during a challenging economy in a location no car can reach.

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News Article
Mario Carey Realty Introduces P.I. Project
March 04, 2013
Mario Carey Realty Introduces P.I. Project

A project rising on the western end of Paradise Island is turning traditional real estate sales wisdom on its head -- building multi-million houses on spec during a challenging economy in a location no car can reach. Now, with early signs of success, there's every indication that the microcosm of a community for the very wealthy -- accessible only by private boat -- will create a new intelligence ...

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News Article

February 29, 2012
FUND TARGETS 500M-1BN IN REAL ESTATE INVESTMENTS

By NEIL HARTNELL

Tribune Business Editor

A BAHAMIAN financial services provider yesterday said it was targeting between $500 million to $1 billion in asset-backed real estate securities investments for its newly-launched mutual fund, and seeking to expand its staff by up to 50 per cent.

David Kosoy, chairman and chief executive of the Sterling Financial Group, said the New Providence Income Fun...

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