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ARCS' $32m apartment financing.


Howard Levine, President/CEO of ARCS Commercial Mortgage Co., L.P. announced the closing of $32 million in financing for the Northpoint Apartments, a 514-unit property in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA.

Northpoint Apartments is a four-story elevator style complex located in the Fisherman's Wharf Fisherman's Wharf may refer to:
  • Fisherman's Wharf, Monterey, California - a historic fishing wharf in Monterey, California
  • Fisherman's Wharf, San Francisco, California - a hugely popular tourist destination and still-functioning wharf, located in San Francisco,
 area of San Francisco. The property was built in 1965 consists of three buildings which contain 267 studio units, 233 one-bedroom/one-bath units, 6 two-bedroom/one-bath units, and 8 two-bedroom/two-bath units.

Common amenities include a central leasing office, fitness center with sauna sauna

Bath in steam from water thrown on heated stones. Known in ancient times in various places, saunas are most closely identified with the Finnish people, who made saunas a national tradition.
, 2 outdoor swimming pools, various lobby areas, 3 laundry rooms A laundry room (also called a utility room) is a room where clothes are washed. In a modern home, a laundry room would be equipped with an automatic washing machine and clothes dryer,and often a large basin, called a laundry tub, for hand-washing delicate articles of clothing such , and courtyard areas attractively landscaped with fountains and benches.
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Article Details
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Title Annotation:Banking & Finance
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 8, 2005
Words:105
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