The New York herald., 1921-10-06
EASIER TO OBTAIN
MORTGAGE MONEY
Reports Show Many Loans in
Six Figures Are Now
Being Made.

One OF the chief contributing factors
In the present building movement. re-
ports indicate. Is the comparative avail
ability of building loans. OF course
money Is not quite as easy to-day as
some would wish. but the Improvement
In the lending market deserves a large
share of the credit for having got things
under way In the construction field. Some
go so far as to contend that it was a
far greater stimulus than either tax ex-
emption or the reduction In the cost Of
building. The more moderate view Is
that the three factors divide the honors
more or less evenly among them.
Scarcely a day passes now without
the report of some big building loan or
series OF them. Announcement was
made yesterday by the Wood -Dolson
Company Inc, of the negotiation of
$s,000.000 worth of loans by that one
firm. Through John d. Dewitt. manager
Of Its mortgage department, the Wood
Dolson Company placed s1.o00.0 900 on
the northeast corner of Ninetieth street
and Broadway. $315,00o on the north
west corner of Ninetieth street and AM
sterdam avenue. $150.000 on $40 West
End avenue. $4,000 on Seventy
street and Columbus avenue. s245,00o on
l51st street and Broadway. $3.50. 900 on
parcel on Broad street. Philadelphia,
Pa. $4,000 on 111-117 West 10th
street. 100000 on 205-213 West End
avenue. s250.000 on the northeast cor
ner of Ninety-second street and Broad
way. S250.000 on the southeast corner
OF Ninety-third street and Broadway
and s65.000 on Washington and Vesey
streets.
The same brokers also placed 500, 900
on 81 Columbia street. Brooklyn: $4,000
on 13S Lenox avenue. $4,000 on 113
East Severtieth street. $42.500 on 20
East 105th street. $4,000 on the block
1920 and 103d streets. $4,000 on 1854
East Sixty-frst street. $40, 900 on At
lantic avenue and Sackett street, Brook
lyn; $4,000 on "A West Sixty-fifth
street. $4,000 on 172 West Ninety
eighth street, $4,000 on 775 Amsterdam
avenue $4,000 on Broad and Front
streets, $42.500 on 511 West 17sth
street and numerous other small apart
ment and dwelling house loans in West
chester county and Greater New York
aggregating total of $5.0oo.00o.
VIM. A. White & Sons have placed
two building and permanent loans ag-
gregating $1S0,000 on the east side of
Twentieth avenue between Eighty-frst
and Eighty-second streets, Brooklyn. for
the erection Of two four story and base
ment apartment houses divided into
three, four and Ave room apartments
and housing sixty-two families. The
loans were made to the Bay Twenty
sixth Street Building Corporation and
were taken by the Metropolitan Life In
surance Company.
Business Property Sales.
Hup Realty Company. Inc. ]. Chr. G.
Hupfel president. has purchased through
Henry Hof the six story fireproof busi-
ness building at the northeast corner of
Third avenue and Sixteenth street. The
building was erected especially for the
occupancy Of the Singer Sewing Machine
Company and was later occupied for
many years by the United States Treas
ury.
Crimson Realty Company sold to the
Doclin Realty Corporation CA. Doctor.
M. Racolin and NJ. Aronson) the plot.
84x102x irregular. on the east side of
wadsworth terrace. 100 feet north OF
fs0th street.
Catholics I'm Columbia Buy Home.
The Catholics Of Columbia University
have purchased from the Cabot Realty
Company, 635 West 1l5th street. Ave-
story dwelling, on plot 25x1oo. adjoining
Riverside Drive and overlooking the
river, for occupancy as the Newman
Club, an organization or Catholic stu
dents, who will occupy 1t after extensive
alterations are completed. The Newman
Club members Of Barnard and Teachers
College will also use the premises.
Father II. f. Riley OF the Paulist
Fathers will act as chapain, residing
therein. The present plans embe dy an
assembly hall, committee meeting rooms.
space for informal dances and other
features. besides a library and reading
room.