$46m conversion loan.Fremont Investment & Loan provided a $46 million loan to Dunhill Partners for the conversion of an existing apartment building, The Shelton, into 129 for-sale condominiums. This is Fremont's third loan with this sponsor. The mortgage broker for the loan was Randy Fleisher of CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) Melody. "We won this transaction based upon the sponsor's confidence in Fremont's ability to close with a firm deadline," said Scott McQuage, vice president and senior loan originator Originator A bank, savings and loan, or mortgage banker that initially made a mortgage loan that is part of a pool. Also, an investment bank that has worked with the issuer of a new securities offering from the beginning and is usually appointed manager of the underwriting with Fremont's Dallas office. The Shelton is located within Preston Center, a well-known and established mixed-use development Mixed-use development refers to the practice of allowing more than one type of use in a building or set of buildings. In planning zone terms, this can mean some combination of residential, commercial, industrial, office, institutional, or other land uses. that is approximately five miles north of Dallas. It is also within the very affluent Park Cities, which consists of Highland Park Highland Park. 1 City (1990 pop. 30,575), Lake co., NE Ill., a suburb of Chicago on Lake Michigan; inc. 1869. It is a retail business and medical center for the North Shore area. and University Park. |
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