$86M loan arranged.Meridian Meridian (mərĭd`ēən), city (1990 pop. 41,036), seat of Lauderdale co., E Miss., near the Ala. line; settled 1831, inc. 1860. Capital Group recently arranged financing in the amount of $86,450,000 for Eastchester Heights, a mix of four-story walk-ups and six-story elevator elevator, in machinery elevator, in machinery, device for transporting people or goods from one level to another. The term is applied to the enclosed structures as well as the open platforms used to provide vertical transportation in buildings, large ships, buildings totaling 1,416 units. Israel Schubert and Elliot Treitel of Meridian's New Jersey office negotiated on behalf of Taconic Investment Partners and ING Clarion A family of application development systems for Windows from SoftVelocity, Inc., Pompano Beach, FL (www.softvelocity.com). Clarion provides a comprehensive set of tools for development, including a screen builder, 4GL and application generator. Partners to secure a favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. rate over a five-year, interest-only term. The apartment complex is a moderate-income housing development located in the Williamsbridge neighborhood of the Bronx. The new buyer anticipates the implementation of a comprehensive capital improvement program that will further enhance this noteworthy complex. Meridian also announced it had arranged financing in the amount of $20,000,000 for The Briarcliff, a 30-story elevator building housing 312 units, located at 250 Gorge Road. Jay Bidnick of Meridian's New Jersey office negotiated to secure a rate of 5.3% over a seven-year term. The spread was 73 bps over the 10-year treasuries. In addition to the $20,000,000 loan, Meridian negotiated a line of credit in the amount of $2,000,000 at 140 bps over LIBOR LIBOR See: London Interbank Offered Rate LIBOR See London interbank offered rate (LIBOR). . |
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