AFC's revolving deal.A new hybrid hospitality-residential chain, combining elements of extended-stay and apartment amenities, will be rolled out in more than 50 locations throughout the Midwest Midwest or Middle West, region of the United States centered on the western Great Lakes and the upper-middle Mississippi valley. It is a somewhat imprecise term that has been applied to the northern section of the land between the Appalachians and Southeast, based on a $25 million equity revolver revolver: see small arms. revolver Pistol with a revolving cylinder that provides multishot action. Some early versions, known as pepperboxes, had several barrels, but as early as the 17th century pistols were being made with a revolving chamber to financing secured by AFC (1) (Application Foundation Classes) A class library from Microsoft that provides an application framework and graphics, graphical user interface (GUI) and multimedia routines for Java programmers. Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Capital. The equity revolver facility was closed on behalf of a mid-western based real estate development firm, which had built several of the properties, and needed significant capital for a major expansion of its portfolio of "Value Place" properties which provide a short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. residential alternative to traditional hotels or extended-stay facilities. Paul Fried, an AFC principal, placed the transaction with an institutional private equity fund. "The institutional fund provided a facility that could fund as many as 75 properties over the next several years, with the flexibility required for simultaneously building and operating many projects across many markets. The facility gives the developer the to drive at least $250 million of construction loans.." |
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