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ARCS inks $35m 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, senior vice president for the Eastern region of ARCS Commercial Mortgage Co., L.P., announced the closing of $35.147 million in financing for a 480-unit property in New Rochelle New Rochelle (rōshĕl`), city (1990 pop. 67,625), Westchester co., SE N.Y., on Long Island Sound; settled by Huguenots 1688, inc. as a village 1858, as a city 1899. , N.Y., just 16 miles north of midtown mid·town  
n.
A central portion of a city, between uptown and downtown.


midtown
Noun

US & Canad the centre of a town
 Manhattan.

Built in 1955, the 10-building apartment complex includes a laundry Laundry can be:
  • items of clothing and other textiles that require washing
  • the act of washing clothing and textiles
  • the room of a house in which this is done
History of laundry
Before industrialization
 facility in each building, two playgrounds and one basketball court.

The loan was originated by ARCS' Princeton office and will be repaid over a nine-year term at a rate of 5.19%.
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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 27, 2005
Words:83
Previous Article:NorthMarq Capital, Inc.
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