Printer Friendly
The Free Library
14,800,756 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

2-year interest only loan.


Steven Ste´ven

n. 1. Voice; speech; language.
Ye have as merry a steven
As any angel hath that is in heaven.
- Chaucer.

2. An outcry; a loud call; a clamor.
To set steven
to make an appointment.
 Heller, SVP/Eastern Region of ARCS Commercial Mortgage Co., announced the closing of $12 million in financing for the Linwood
For other uses of the word see: Linwood (disambiguation)
Coordinates:  Linwood, a small town in Renfrewshire, Scotland, 14 miles south-west of Glasgow, which saw an explosion in its population during the middle of the 20th
 Cooperative Apartments, a 1,170-unit cooperative in Fort Lee, NJ.

Constructed in 1949, Linwood Cooperative is a midrise complex of 26, five-story elevatored buildings on more than 27 acres. Common amenities include laundry Laundry can be:
  • items of clothing and other textiles that require washing
  • the act of washing clothing and textiles
  • the room of a house in which this is done
History of laundry
Before industrialization
 facilities in each of the 26 buildings.

The loan was originated by ARCS' Princeton, NJ office through Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. . The loan was for a 30 year term at a rate of 5.69% and will be repaid Interest Only for the first two years.

Howard Levine, president/CEO of ARCS Commercial Mortgage Co., announced the closing of $6,245,000 million in financing for the Lake Royal Apartments, a 44-unit multifamily property in Monterey, CA.

The loan was originated by ARCS' Calabasas Hills Office. The loan was for a 30 year term/30 year amortization at a rate of 6.609%.

In 2005, ARCS provided more than $2.4 billion for 289 properties nationwide. ARCS has also been Fannie Mac's #1 DUS DUS Driving Under Suspension (criminal charge)
DUS Dwelling Unit (real estate)
DUS Dynamic Underground Stripping
DUS Dusseldorf, Germany - Dusseldorf (Airport Code) 
 9 of the last 10 years. The company services a portfolio valued at nearly $13 billion.
COPYRIGHT 2006 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:FINANCE
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Aug 16, 2006
Words:192
Previous Article:Morgan Stanley in $706m deal to buy mortgage firm.(FINANCE)
Next Article:Bank's market presence grows as deals top $75m.(FINANCE)
Topics:



Related Articles
FINOVA Realty Capital.
Houlihan Parnes Realtors.
Mezzanine financing becoming more popular.(Brief Article)(Statistical Data Included)
Banks look for alternatives in era of low interest rates. (Special Report-The Changing Face of Banking).
Getting creative with hotel financing.(Banking & Finance)
Connecticut loans add up to $63m.(FINANCE)
Mezzanine plan that adds up.(DUS PlusTM product from RCG Longview and Fannie Mae)(Brief Article)
Greystone bridges gap.(Greystone and Co.)(Brief Article)
GS Wilcox & Co. arranges financing for $32m.(FINANCE)
Houlihan Parnes/iCap Realty Advisors, LLC.(FINANCE)

Terms of use | Copyright © 2010 Farlex, Inc. | Feedback | For webmasters | Submit articles