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ARCS produces green.


Howard Levine, president/CEO of ARCS Commercial Mortgage Co., announced $44,807,000 in financing for the Highridge Apartments, a 255-unit property in Rancho Palos Verdes Rancho Pal·os Ver·des  

A city of southern California on a channel of the Pacific Ocean west of Long Beach. Population: 42,100.
, CA.

Built 1972, Highridge is a garden style complex comprised of 10, 3-story buildings.

The common amenities include three swimming pools, two spas, a tennis court, fitness center with sauna sauna

Bath in steam from water thrown on heated stones. Known in ancient times in various places, saunas are most closely identified with the Finnish people, who made saunas a national tradition.
, basketball court, clubhouse, billiard bil·liard  
adj.
Of, relating to, or used in billiards.

n.
See carom.

Adj. 1. billiard - of or relating to billiards; "a billiard ball"; "a billiard cue"; "a billiard table"
 room and six laundry facilities, barbecue barbecue [West Indian or South American], in the United States, traditionally an open-air gathering, political or social, in which meats are roasted whole over a pit of embers and food and drink are liberally enjoyed.  area, and secured vehicular and pedestrian access.

The loan was originated by ARCS' Calabasas Hills Office. The loan was for a 10 year term/Interest Only at a rate of 6.055%.
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Publication:Real Estate Weekly
Date:Aug 15, 2007
Words:98
Previous Article:$35m Texas hold 'em.
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