October 31, 2001 DURHAM, N.C. – GMAC Commercial Mortgage has provided a $22 million construction loan to develop a 328-unit luxury apartment community. The 2.5-year floating-rate loan is pegged off of Libor.The $25 million South Terrace at Auburn project will ...
October 30, 2001 NEWPORT BEACH, Calif. – Water Pik Technologies Inc., the manufacturer of personal healthcare and water filtration products, has received $20.6 million of mortgage financing on four manufacturing plants from US Bancorp of Minneapolis.Water Pik had previously funded ...
October 30, 2001 AUSTIN, Texas – Bank of America has provided $16 million in fixed-rate financing to Endeavor Real Estate Group for the Greenlawn Crossing Shopping Center.The 105,832-square-foot retail complex is at the southwest corner of Louis Henna Boulevard and ...
October 30, 2001 ONTARIO, Calif. – Meadow Pines, a 151-unit Class-B apartment complex, has traded hands for $11.5 million, or about $75,828/unit.F&F Partners, a Sausalito, Calif.-based partnership, sold the property to Aslan Realty Group, a Newport Beach-based partnership, which plans ...
October 25, 2001 QUEBEC CITY, Quebec – Cominar REIT (TSE:CUF.UN) plans to raise C$37.5 million (US$24 million) from the sale of 3.5 million units at C$10.7/share.Proceeds will be used to reduce the REIT's debt.National Bank Financial Inc. is leading a ...
October 25, 2001 MADISON, Wisc. – Bank of America has provided roughly $13.3 million in permanent, fixed-rate financing for a 119-unit apartment complex owned by Mills Spring LLC.The 10-year mortgage bears a 6.96 percent interest rate and carries a 30-year ...
October 24, 2001 ALLENTOWN, Pa. – Kramont Realty Trust (NYSE:KRT) has signed a letter of intent to buy the Village West Shopping Center for about $18.9 million.The acquisition is in the form of an exchange of partnership interest in Cedar ...
October 24, 2001 Commercial Real Estate Direct Staff ReportBEAVERTON, Ore. – Salomon Smith Barney has provided $24 million in permanent, fixed-rate financing to Time Equities Inc. for the Murray Business Center. Proceeds from the 10-year mortgage, which bears a 7.25 ...
October 23, 2001 Special to Commercial Real Estate DirectFannie Mae has provided close to $20.5 million of financing to Roberts Co. for six apartment properties in Los Angeles' Westside.The five fixed-rate loans carry rates of 6.43 percent to 6.78 percent; ...
October 19, 2001SAN FRANCISO – Fremont General provided $22.7 million in interim financing to a joint venture between LNR Property Corp. (NYSE:LNR) and Lennar Corp. (NYSE:LEN) for 250 Brannan St.The four-year loan, which is pegged off Libor, carries a 20-year ...
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