$16m mortgage on CT office building.Jack Houlihan and Jerry Houlihan of Houlihan-Parnes/iCap Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Advisors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control have arranged a $16,000,000 first mortgage on an approximate 60,000 square foot multi-tenanted office building located on Soundshore Drive in Greenwich, CT. The first mortgage of $16,000,000 equals 80% of value and the interest rate is fixed for 10 years at 5.94% with a 30 year amortization schedule. This non-recourse, assumable first mortgage was funded on an 82% leased office building with a small holdback hold·back n. 1. a. The act of holding back. b. Something held back. 2. A device that retains or restrains. 3. which will be released to the Borrower once the property has achieved a stabilized sta·bi·lize v. sta·bi·lized, sta·bi·liz·ing, sta·bi·liz·es v.tr. 1. To make stable or steadfast. 2. 90% occupancy level. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion