$9m construction loan for shopping center.The New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. office of Holliday Fenoglio Fowler, L.P. arranged a $9.1 million refinancing and construction loan for Hamden Plaza, a 239,209 s/f shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into plus 13,600 to-be-built s/f of retail space in Hamden, Connecticut. Senior managing director Jay Marshall and senior real estate analyst Christine Riniti worked on behalf of Hamden Plaza Associates, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control to secure the ten-year, 5.3% fixed-rate loan Fixed-rate loan A loan whose rate is fixed for the life of the loan. to be serviced through Allstate Life Insurance Company, a correspondent lender. Hamden Plaza Associates, LLC is controlled by Bermant Development Company, a California-based development company, which has developed more than 1.5 million s/f of commercial projects. The property will be managed by Concordia Realty Management Inc. |
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