ARCS closes on $40m financing.Larry Sneathern, SVP/Eastern Region of ARCS Commercial Mortgage Co., announced the closing of $40,000,000 in financing for the Canyons Apartments, a 673-unit property in Forth Worth, TX. Built in two phases between 1999-2004, The Canyons is a garden style apartment complex on more than 42 acres. Site amenities include two swimming pools, a lap pool, a heated spa, a clubhouse with lounge and pool table, a 35-seat theater, a full service kitchen, a fitness center and indoor basketball half-court; a sand volleyball volleyball, outdoor or indoor ball and net game played on a level court. An upright net, 3 ft (or 1 m) high, the top of which stands 8 ft (2.43 m) from the ground for men, 7 ft 4 1/8 in (2. court, a tennis court; a putting green, a laundry Laundry can be:
Before industrialization facility. The loan was originated by ARCS' Dallas Office. The loan was for a 10 year term/30 year amortization at a rate of 5.525%. ARCS is capable of providing Fannie Mac, Capital Markets, mezz & bridge financing Bridge Financing A method of financing, used by companies before their IPO, to obtain necessary cash for the maintenance of operations. Notes: These funds are usually supplied by the investment bank underwriting the new issue. , and even Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. . |
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