Why Properties Can Sit Empty & Become Eyesores – How Greg Singer is making a Difference

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Innovator is perhaps the best definition of the values that drive Mr. Greg Singer. Sometimes he has been called a visionary, but such lofty words are not the fuel that drives the Greg Singer Financial Corporation (founded in 1994). It’s really the results that feed this company, results that are vision-based and deeply rooted in a strong, four generation family line that has been behind procuring such results for nearly 100 years in the US.

The current state of the real estate market is that of one that was just recently defibrillated due to the real estate boom that was followed by the real estate bust.  As toxic debt uprooted banks and entire communities, what followed was nothing short of recession chaos. Entire communities suffered with empty homes, unfinished construction and land development projects and many blighted properties that ultimately would just sit there and age—becoming vacant eyesores for residents of their surrounding communities.

As property values shot down, more buildings become vacant, construction projects were halted, many times prior to being completed, and the whole country felt the sweeping nature of this decline. However, as time has gone by, think tanks like the Greg Singer Financial Corporation have devised ways to get the real estate heart beating healthy again. As our economy has recovered – which have been ever so slowly – some key innovators behind this real estate recovery include folks like Greg Singer.

The Singer Financial Corporation (SFC) is a real estate investment firm

that acquires properties and non-performing loans with its established partners and a solid capital backing that enables them to literally walk in and take over blighted projects – whether they are houses or entire residential communities, land developments, foreclosures, estates sales, land or property that’s tied up in litigation and much more – to breathe new life into them, rehab them and increase their value.

When property and land sits vacant for years, it effects all nearby land values. The properties can quickly fall into disrepair, further effecting land values and quickly becoming eyesores.

That’s where Greg Singer comes in.

From New York City to Boston, Washington D.C., California and Florida, Greg Singer sees the real potential of these problem properties and knows how to correct them to eradicate the eyesore and increase their value and potential, which has a positive trickle down effect to entire surrounding area.

Any property can become a blunder—from apartment buildings and empty shopping centers, to bulk condominium and cooperative units, all the way to office buildings, hotels and land. Thankfully, there are pioneers of the new real estate revolution that are working to revitalize these troubled areas, and who are committed to doing their part to revive the real estate economy in the US.

Helping Seniors, Students is Just One Tune Greg Singer Hums To

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Senior housing and student housing: who knew that these two issues could be such a prominent problem in one of the world’s largest metropolises: New York City? But Greg Singer, founder of the Singer Financial Corporation – part of the family line that merged the Home of Old Israel, a 1024 unit complex designed for providing affordable food and housing for seniors in Far Rockaway, Queens, NY (also called Seagirt Village) with JASA (Jewish Association for Services for the Aged) to create the largest organization of its kind in the US – knows how important quality of living is to both seniors and college students alike.

The East Village project is the newest dish on the plate for Greg Singer in New York City. An old school building that has sat abandoned for years because no banks or developers would touch it is now the target of opportunity for Singer to revitalize, rehab and resuscitate. Since banks can often have a blind vision, one that is perceptive only to profits and losses, Singer sees a different vision for this building: to revamp it into a modern and state-of-the-art affordable dormitory for college students who wish to reside in Manhattan while they are attending school in New York City. Unlike many other developers, who rely solely upon infusions of cash from banks and other financial institutions, Singer’s situation is different enough to allow him to be able to back the project and rehab it to the benefit of thousands of students in need of affordable student housing in Manhattan.

It’s nearly the backwards end of a dear-to-heart project Singer worked on in the Upper West Side. A building called Chesterfield Condominiums was on the brink of financial disaster and was being very poorly managed. Singer Financial Corporation saw a way to reshape the community and benefit senior citizens. Singer stepped in and bought the building and revamped the entire property. The end results were beautiful condominiums that provided free housing as well as much needed social services for seniors; who are often on the cusp of financial disaster due to their fixed and low income status.

From senior housing to student housing, Singer has seen and done it all, and has his sights set on revitalizing this future East Village college dormitory in Manhattan so that it can be leased out by multiple universities and schools, who then can pass the savings on to their students by offering them spacious and affordable dorms located in the heart of New York City. It’s just one tune that we can all hum to, including Greg Singer in New York.