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ARCS closes $15m finance deal.


Steven Ste´ven

n. 1. Voice; speech; language.
Ye have as merry a steven
As any angel hath that is in heaven.
- Chaucer.

2. An outcry; a loud call; a clamor.
To set steven
to make an appointment.
 Heller, SVP/Eastern Region of ARCS Commercial Mortgage Co., L.P. announced the closing of $15.006 million in financing for two sister properties which collectively are known as the Villages of Crowfield in Ladson, South Carolina Ladson is a census-designated place (CDP) in South Carolina, United States. The population was 13,264 at the 2000 census.

While not an incorporated city, Ladson, as a U.S.
.

Built between 1985-1986, both properties offer duplex (communications) duplex - Used to describe a communications channel that can carry signals in both directions, in contrast to a simplex channel which only ever carries a signal in one direction.  and townhome living. The loans for the Graduate's 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 and the University Park Apartments were originated by ARCS' Princeton office through Fannie Mae's Convertible ARM loan product which provides the low rates that make adjustables so attractive, with an option to convert to fixed. The loans will be repaid over a 7 year term/30 year amortization at a rate of 4.03% and 4.18% respectively.
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Article Details
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Title Annotation:ARCS Commercial Mortgage Company L.P.
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 20, 2005
Words:113
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