$200M mortgage deal inked.Carlton Advisory Services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal Chairman Howard L. Michaels announced that the Carlton Equity Exchange has arranged first mortgage and preferred 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 its client's $200 million acquisition of Long Island's premier office asset, EAB EAB Emerald Ash Borer (insect) EAB Environmental Appeals Board (EPA) EAB Educational Activities Board (IEEE) EAB Environmental Advisory Board EAB Egyptian American Bank Plaza. Carlton engineered a capital structure that included senior financing (with a B-note) and preferred equity financing at an extremely attractive all-in cost All-In Cost Shorthand for "all-included" costs, which are expressed as the interest paid or received for total costs of a financial transaction. Notes: All-in costs include the spread, commission, interest payments, and any other fees resulting from the transaction. and leverage level for the Borrower. Carlton managed this multiple party process in an expeditious fashion meeting its client's objectives for a quick closing without sacrificing execution. EAB Plaza, which consists of two 15-story, "Class A" office towers containing 1,076,021 rentable square feet and a four-story parking garage, is widely recognized as Long Island's largest, tallest and most recognized office property. The Property is over 96% occupied and boasts a rent roll of credit-quality tenants. The purchaser is Galaxy LI Associates, a joint venture between two of New York's most successful real estate groups--C&K Properties and the Moinian Group. C&K Properties controls over two million square feet of mostly commercial space in the 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 area, and Moinian currently owns more than 10 million square feet of commercial, industrial, residential, retail, and hotel properties throughout the United States. |
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