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ARCS closes $17.4 million in financing for NYC multifamily property.


Calabasas Hills, California-based ARCS ARCS - ARC  Commercial Mortgage Co. LP announced the closing of $17,424,000 in financing for the 80th Street Apartments, a 43-unit multifamily property in Manhattan's Upper East Side.

Built in 1922, 80th Street Apartments is a 12-story-plus-basement high-rise apartment building located on the Upper East Side.

In addition to the residential units, there are seven commercial units comprised of two professional offices and five retail shops, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 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, senior vice president of ARCS' eastern region.

The loan, a five-year term that will be repaid interest-only (10) at a rate of 5.97 percent, was originated by ARCS' Princeton, New Jersey
See also: Princeton Township, New Jersey

Princeton, New Jersey is located in Mercer County, New Jersey, United States. Princeton University has been sited in the town since 1756.
, office, the company said.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
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Article Details
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Title Annotation:Commercial
Publication:Mortgage Banking
Geographic Code:1USA
Date:Aug 1, 2006
Words:109
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