ARCS inks $36m in deals.Howard Levine, President/CEO of ARCS Commercial Mortgage Co., announced the closing of $18,050,000 million in financing for the Village at Granada Hills Apartments, a 152-unit property in Granada Hills, CA. Built in 1970, The Village Granada Hills is a garden style apartment complex on 4.55 acres of land. Common amenities include a gated pool, wading pool, fitness center, billiards billiards, any one of a number of games played with a tapered, leather-tipped stick called a cue and various numbers of balls on a rectangular, cloth-covered slate table with raised and cushioned edges. , clubhouse, on-site leasing office, and two laundry rooms A laundry room (also called a utility room) is a room where clothes are washed. In a modern home, a laundry room would be equipped with an automatic washing machine and clothes dryer,and often a large basin, called a laundry tub, for hand-washing delicate articles of clothing such . The loan was originated by ARCS' Calabasas Hills office. The loan was for a 10 year term/30 year amortization after two years Interest Only at a rate of 5.935% Levine further announced the closing of $8,231,000 million in financing for the Sepulveda West Apartments, a 95-unit property in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CA. Built in 1970, Sepulveda West is a garden style apartment complex on 1.76 acres of land. Common amenities include a pool, gym and recreation room. The loan was originated by ARCS' Calabasas Hills office. The loan was for a 5 year term/Interest Only at a rate of 6.01% The firm also closed $10,046,000 million in financing for the Merrill Gardens at West Seattle, an 81-unit assisted/independent living facility located just minutes from Seattle's downtown. Merrill Gardens at West Seattle features a range of common amenities for its residents including dining room, roof-top deck, internet cafe The high-tech equivalent of the coffee house. However, instead of playing chess or having heated political discussions, you browse the Internet and discuss the latest technology. CDs, DVDs, games and other "cyber stuff" are also generally available. , laundry rooms, salon Salon, annual exhibition of art works chosen by jury and presented by the French Academy since 1737; it was originally held in the Salon d'Apollon of the Louvre. By the mid-19th cent. the Salon had become an expression of conservative, established tastes in art. and barber A barber (from the Latin barba, "beard") is someone whose occupation is to cut any type of hair, give shaves, and trim beards. In previous times, barbers also performed surgery and dentistry. shop. The loan was originated by ARCS' Bend Office through Fannie Mae's Senior Housing Product. The loan was for a 10 year term/30 year amortization at a rate of 6.39%. |
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