$21m city condo deal.CapitalSource Finance LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announced that it has provided a $21,795,000 senior construction loan and a $4,200,000 mezzanine loan A mezzanine loan is a relatively large loan, typically unsecured (ie., not backed by a pledging of assets) or with a deeply subordinated security structure (e.g., third lien on the property but non-recourse vis-a-vis the borrower). for two luxury residential condominium developments in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The projects are known as Soma soma (sō`mə), psychotropic plant, the juice of which was sometimes drunk as part of the Vedic sacrifice (see Veda). Many hymns in the Rig-Veda are in praise of soma. Condominiums, located at 116 West 22nd Street in the Chelsea neighborhood and Hudson Blue Condominiums, located at 423 West Street in the West Village. Proceeds from the loans will be used to repay existing debt and to fund construction costs. "This transaction presented the opportunity for CapitalSource to finance two high-quality, substantially pre-sold residential developments with reduced market risk and attractive pricing," said Chris Kelly Chris Kelly may refer to the following persons:
"We were able to finance a majority of the capital structure by utilizing both our Advantage Program, which offers clients a cost efficient lower leverage senior product, as well as our Enhanced Mezzanine Program which offers creative, higher leverage solutions." The Structured Finance Business of CapitalSource Finance LLC specializes in providing innovative debt facilities in the real estate and finance industries. |
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