$63M finance for historic building.Sonnenblick-Goldman Company has arranged a $63 million, 10-year fixed-rate mortgage for The Curtis Center, at 124 South 6th Street in Philadelphia, Pennsylvania, on behalf of an affiliate of Oaktree Capital Management Oaktree Capital Management LLC is a US investment management corporation which operates a number of investment entities commonly known as hedge funds of approximately $40 Billion. , LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and The Kevin F. Donohoe Company. The financing was provided by an investment banking firm through its securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. program. The Curtis Center, which contains approximately 840,000 square feet of rentable space, plus a 300-space underground parking garage, is the premier office building in the Independence Square submarket sub·mar·ket n. A geographic, economic, or specialized subdivision of a market. adj. Being below what is usual in a particular market: submarket wages; submarket interest rates. . Major tenants include the US Department of Labor, Elsevier Science USA, and Margolis Edelstein law firm. |
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