ARCS Commercial Mortgage Co.ARCS Commercial Mortgage Co. announced the following transactions: * Larry Lar´ry n. 1. Same as Lorry, or Lorrie. Sneathern, SVP/Central Region of ARCS Commercial Mortgage Co., announced $7,385,000 in financing for the Sunridge Apartments, a 208-unit property in Nacogdoches Nacogdoches (năk'ədō`chĭs), city (1990 pop. 30,872), seat of Nacogdoches co., E Tex., in a pine and hardwood forest area; settled 1779. , TX. The loan was originated by ARCS' Dallas Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S. Office. The loan was for a 7 year term/30 year amortization at a rate of 5.99%. * Larry Sneathern announced $2,465,000 in financing for the Cambridge Cambridge, city, Canada Cambridge (kām`brĭj), city (1991 pop. 92,772), S Ont., Canada, on the Grand River, NW of Hamilton. It was formed in 1973 with the amalgamation of Galt, Hespeler, and Preston, all founded in the early 19th cent. Oaks Duplexes, a 48-unit property in Tyler, TX. The loan was originated by ARCS' Dallas Office. The loan was for a 7 year term/30 year amortization at a rate of 5.99%. The loan will be repaid Interest Only for the first 3 years. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion