ARCS Commercial Mortgage.Howard J. Levine, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ARCS Commercial Mortgage, announced the closing of a $42.5 million loan for the refinancing of an 245-unit apartment building near Manhattan's financial district. The 10-year loan closed at a rate of 7.930 percent and was provided by ARCS through Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. . ARCS is a Freddie Mac Program Plus lender in all of Freddie Mac's regions and their number one lender for the first quarter 2000. The 71 Broadway transaction was completed through ARCS' Princeton office. The 22-story building was formerly the world headquarters for US Steel and was recently completely renovated by The World-Wide Group of NYC NYC abbr. New York City NYC New York City . The project benefited from a New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. real estate tax abatement. The World-Wide Group is a real estate developer and investor with a concentration on urban revitalization. |
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