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$145.2m Liberty Bonds for developer's apartment plan.


Andrew J. Singer and Richard Bassuk of The Singer and Bassuk Organization (SBO SBO

specified bovine offal.
) have announced the closing of a $145.2 million Liberty Bond financing for 63 Wall Street, a 410,000 sq. ft. commercial office building being converted to 476 residential rental apartments.

A portion of the proceeds for this transaction was used to repay $32 million advanced under a $70 million bridge loan provided by Corus Bank, which SBO had previously arranged for the project.

The 37-story neo-classical office tower at 63 Wall Street was formerly the headquarters of Brown Brothers Harriman & Co., the nation's oldest and largest private commercial bank.

Nathan Berman, the developer of the project, said "SBO provided the most comprehensive advice regarding project financing Project financing

A form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis.
 I have found available in the industry, with particular expertise in coordinating the financing of the project with its development and construction requirements.

"SBO helped us navigate (1) "Surfing the Web." To move from page to page on the Web.

(2) To move through the menu structure in a software application.
 this new Liberty Bond Program in a highly efficient manner coordinating all negotiations between HDC (Hard Disk Controller) See disk controller.

HDC - Disk Controller
 and HSBC HSBC Hongkong and Shanghai Banking Corporation
HSBC Humane Society of Broward County (Florida)
HSBC Humane Society of Bay County (Bay County, Michigan) 
. We are very pleased with the results achieved and have hired SBO to work with us on two new projects to obtain financing totaling approximately $180 million."
COPYRIGHT 2004 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:Construction & Design
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 14, 2004
Words:191
Previous Article:City seeks bright sparks.
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