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$65m construction loan closed.


Fremont Investment & Loan, a subsidiary of Fremont General Corporation (FMT FMT Format
FMT Fremont (Fremont, California)
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:NYSE NYSE

See: New York Stock Exchange
) has closed on a $65 million loan to provide acquisition financing for the takedown Takedown

1. The price at which underwriters obtain securities to be offered to the public.

2. The portion of securities that each investment banker will distribute in a secondary or initial pubic offering.

Notes:
1.
 of 7.13 acres in Downtown San Diego by a venture of JMI Realty and Lennar Corporation, it was announced today by Sarah Branigan, Vice President and Regional Manager for Fremont Investment & Loan's Irvine office.

The Property is located adjacent to PETCO Park, the San Diego Padres new $474 million ballpark, and represents the largest contiguous and undeveloped land remaining in Downtown San Diego. Ballpark Village LLC has submitted a comprehensive Master Plan for the property for approval with CCDC CCDC Cambridge Crystallographic Data Centre
CCDC Centre City Development Corporation (San Diego, California)
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. Such Master Plan is anticipated to include approximately 3.0 million s/f of mixed-use development.
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Title Annotation:Fremont Investment and Loan to finance 7.13 acres acquisition of JMI Realty and Lennar Corp.
Publication:Real Estate Weekly
Article Type:Brief Article
Date:Jun 1, 2005
Words:121
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