389-Unit Apartment Property Opens in Morgan Hill, Calif.
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SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
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August 5, 2002 ATLANTA – Freddie Mac has provided $28 million for a 324-unit apartment property on Garson Drive at Piedmont Road.Paul House in the Houston office of L.J. Melody & Co. arranged the funding on behalf of the Finger ...
The firm, which is best known for its investment-sales and leasing capabilities, is looking to aggressively add staff in order to beef up its presence in the lending intermediary business. It might also look to acquire existing mortgage businesses.
August 2, 2002 First Commonwealth Bank provided $12 million of permanent financing for the Regional Enterprise Tower, a 365,000-square-foot office building in Pittsburgh that had served as world headquarters of Alcoa Inc.The 31-story property, which is clad entirely in aluminum, ...
August 1, 2002 Hall Financial Group, a Dallas investment firm, has completed two additional transactions as part of a plan to invest $100 million in mezzanine loans and preferred equity this year.The firm, which has completed more than $5 billion ...
August 1, 2002 SURPRISE, Ariz. – Prudential Mortgage Capital Co. has provided $17.2 million of financing under a Federal Housing Administration program for the Villas at Mountain Vista Ranch.The financing, originated under the FHA 221(d)(4) program, which funds new construction, ...
July 31, 2002 By Orest Mandzy, Commercial Real Estate Direct Managing EditorCriimi Mae has sold $52 million of distressed loans from the collateral pools of two CMBS deals for which it is special servicer: Merrill Lynch Mortgage Investors, 1996-C2, and ...
RCG Longview was the lender that provided the $35 million of mezzanine debt for 175 W. Jackson, a 1.4 million-sf office building in Chicago that was recently renovated.
July 30, 2002 CLEVELAND – Key Commercial Mortgage has provided roughly $15 million in financing for a portfolio of three self-storage facilities in California owned by a joint venture of Shurgard Storage Centers.The 10-year mortgage has a 25-year amortization schedule ...
July 30, 2002 Wachovia Securities has provided more than $9.5 million of fixed-rate financing to Parkway Properties (NYSE:PKY) for a 161,616-square-foot office property in Houston.The 10-year mortgage has an interest rate of 7.1 percent and amortizes over 30 years.The collateral ...
July 30, 2002 Prudential Mortgage Capital Co. has named Shaun Donovan managing director for its FHA business and affordable housing investments. Donovan previously was a Congressionally appointed consultant to the Millennial Housing Commission, where he helped write recommendations for the ...
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