$13m affordable housing deal.Longview Longview. 1 City (1990 pop. 70,311), seat of Gregg co., E Tex.; inc. 1872. It is a manufacturing, business, and distribution center for the rich East Texas oil field. Capital Advisors has arranged financing for new affordable housing to be developed by the Arker Companies at 334-336 East 92nd Street. Longview structures and secures debt and equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. for middle market developers. On behalf of Arker, Longview secured a total $13.6 million construction, acquisition loan package, and provided project by Commerce Bank. Construction financing of $6.5 million recently closed for the project. Darcie Wendolowki, vice president for New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of real estate lending at Commerce Bank, handled the transaction. With a total cost of $16 million, the development, located between First and Second Avenues on the former site of a vacant warehouse property, will offer 23 one-bedroom rental units. Anticipated completion for the project is 2007. "Both Longview and Commerce Bank worked to complete this transaction in an efficient, professional and timely manner," said Sol Sol, in Roman religion Sol (sŏl), in Roman religion, sun god. An ancient god of Mesopotamian origin, he was introduced (c.220) into Roman religion as Sol Invictus by emperor Heliogabalus. Arker, president of the Arker Companies. "We've worked with Sol on a number of transactions and projects, and we're pleased to have brought this one to a successful conclusion," said Mitch The name Mitch can mean:
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion