Mirsky Realty Forges Alliance with Lender

NORTH PALM BEACH, FL-Mirsky Realty Group Inc. has negotiated a strategic alliance with Royal Finance Inc., a West Palm Beach-based mortgage lender. The North Palm Beach-based real estate company is also expanding its Palm Beach office in a move to capitalize on the new partnership.

Under the agreement, Royal Finance will provide clients of Mirsky Realty financial services through its lending division.

Mirsky Realty, a company Norma L. Mirsky founded in 1994, reached an agreement with a lending operation that also has a controlling interest in American Florida Realty Inc., a West Palm Beach-based commercial and residential real estate agency. Royal Finance was formed in 1998.

The agreement pairs Mirsky with a publicly traded lender that last reported a net loss of $67,421, or two cents a share, on revenue of $211,293 for the first quarter ended March 31, compared with a net loss of $876,263, or 86 cents a share, on no revenue for the same period in 2000.