$30m retail therapy.Andrew Stewart The following people have been named Andrew Stewart:
The Village of Massapequa Park is in the south part of the Town of Oyster Bay. . The loan carries a 7-year term and consists of a $10 million fixed rate portion plus a $20 million revolving line of credit Revolving line of credit A bank line of credit on which the customer pays a commitment fee and can take and repay funds at will. Normally a revolving LOC involves a firm commitment from the bank for a period of several years. divided into two floating rate tranches of $10 million each. The borrower has the ability to take down additional advances on a monthly basis, and can prepay the floating rate portion at any time without penalty. This facility also allows the borrower to fix the interest rate on the floating rate portion at a predetermined pre·de·ter·mine v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines v.tr. 1. To determine, decide, or establish in advance: , competitive spread over Treasuries. According to Dev Morris, "This was a perfectly tailored structure to meet both the short- and long-term needs of a borrower who typically takes a very conservative approach to leverage but would like to have ready access to additional capital should the need arise." The subject property is a 139,827 s/f neighborhood shopping center located on Merrick Road in Massapequa Park, New York. |
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