$13m Mustang deal.Hudson Realty Capital LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control has provided a total of $13.7 million in combined mezzanine and bridge financing Bridge Financing A method of financing, used by companies before their IPO, to obtain necessary cash for the maintenance of operations. Notes: These funds are usually supplied by the investment bank underwriting the new issue. secured by more than nine hundred acres of land within an approved, master-planned development on Mustang Island in Texas. The financing will be used to fund construction of 101 single-family lots, 448 condominium units and an 18-hole Arnold Palmer golf course. The sponsors will utilize loan proceeds to pay off existing liens and fund closing costs Closing Costs The numerous expenses (over and above the price of the property) that buyers and sellers normally incur to complete a real estate transaction. Costs incurred include loan origination fee, discount points, appraisal fee, title search, title insurance, survey, taxes, . |
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