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AFC Realty arranges $7.8M.


New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 City-based 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 Capital Inc. has negotiated $7,837,200 in permanent financing Permanent financing

Long-term financing using either debt or equity.


permanent financing

The long-term financing that supports a long-term asset.
 for the 329-unit Sunrise Pointe pointe  
n.
In ballet, dancing that is performed on the tips of the toes.



[From French pointe (des pieds), point (of the feet), tiptoe; see point.]
 Apartments in Kent, Washington Kent is a city located in King County, Washington, United States. The second largest city in south King County and the eighth largest in the state, Kent has the third-largest industrial area in the United States. , reports AFC president Arthur Fefferman.

The property is about 18 miles south of Seattle and 19 miles north of Tacoma.

The apartment complex contains 32 two- and three-story buildings on a 15.5-acre site. There are 116 one-bedroom units, 163 two-bedroom units and 50 three-bedroom units. Parking is provided for 613 cars, including 96 covered spaces.

Sunrise Pointe Apartments is located in the booming East Hill section of Kent at the intersection of 109th Place S.E. and S.E. 254th Street, an attractive residential area.

Sunrise Pointe Apartments is owned by Sentinel Real Estate Fund, a group trust for employees pension plans, which is managed by Sentinel Real Estate Corp., a New York-based advisory firm with a $2 billion diversified real estate portfolio under management, including over 32,000 apartments.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:AFC Realty Capital Inc.; $ 7.8 million
Publication:Real Estate Weekly
Date:Aug 19, 1992
Words:155
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