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$15M set for the hills.


L.J. Melody melody, succession of single tones of varying pitch. Melody is the linear aspect of music, in contrast to harmony, the chordal aspect, which results from the simultaneous sounding of tones.  & Company has arranged permanent financing Permanent financing

Long-term financing using either debt or equity.


permanent financing

The long-term financing that supports a long-term asset.
 in the amount of $15 million for a portfolio of mixed-use mixed-use
adj.
Containing or zoned for commercial and residential facilities or development: a 40-story mixed-use tower; a mixed-use parcel of land. 
 industrial properties at Wayne Hills Business Center in Passaic county, N.J. Wayne Hills Business Center, built between 1968 and 1988, consists of eight adjoining office/warehouse properties totaling 358,292 s/f.

Nationwide Life Insurance Company provided the funding on behalf of Stro Company, Inc. James Gunning James Gunn can refer to more than one person:
  • Sir James Gunn (explorer) of Scotland, explorer, member of Henry Sinclair's survey expedition in the 14th Century.
  • James Gunn (senator) (1753-1801) US Senator from Georgia
, of L.J. Melody & Company's New Jersey office, secured funding for this transaction along with Wachovia/Maher Partners.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Financing: real estate
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Jan 7, 2004
Words:85
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