$20 loan refinances warhouse.AFC (1) (Application Foundation Classes) A class library from Microsoft that provides an application framework and graphics, graphical user interface (GUI) and multimedia routines for Java programmers. Realty Capital has arranged $20 million in permanent financing Permanent financing Long-term financing using either debt or equity. permanent financing The long-term financing that supports a long-term asset. for a 1,022,000 square-foot warehouse/bulk distribution facility located in Windsor Locks Windsor Locks, town (1990 pop. 12,358), Hartford co., N Conn., on the Connecticut River; settled 1663, set off from Windsor and inc. 1854. Once a tobacco-farming center, it has aircraft, aerospace, and paper industries. , CT. The refinancing loan was used by the owners of the property--an affiliate of American Real Estate Partners American Real Estate Partners, L.P. (AREP) (NYSE: ACP) is a diversified real estate holding company based in White Plains, New York. History The Sands in Atlantic City and some adjacent property, was sold in November of 2006 for $274. , LP, one of the nation's largest owners and managers of office, industrial, residential and hotel properties--to pay off existing debt and generate additional capital. The fixed-rate loan Fixed-rate loan A loan whose rate is fixed for the life of the loan. was for a ten-year term and was originated and placed by Arthur Fefferman, president of the Manhattan-based real estate investment firm, with an insurance company. The property is utilized as a distribution facility for several Ahold brands, including Stop & Shop, Tops Market, Inc., Edwards, and others, Mr. Fefferman indicates. It is subleased to C & S Wholesale Grocers, the country's third largest wholesaler and distribution company that is contracted to supply Stop & Shop and Tops supermarkets. Situated at 500 North Street in Windsor Locks, CT, the property is ideally located immediately east of Bradley's International Airport and one mile from Interstate 91 midway between Hartford, CT and Springfield, MA. |
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