ARCS.ARCS announced the following transactions: * $2.8 million in financing for the Magnolia Magnolia, city, United States Magnolia (măgnō`lyə), city (1990 pop. 11,151), seat of Columbia co., SW Ark.; inc. 1855. Its oil industry has been important since 1938. Villas Apartments, a 65unit, income-restricted property in North Hollywood, Calif. The loan was originated by ARCS' Calabasas Hills office and will be for a 30-year term/30 year amortization at a rate of 6.1%; * $40.317 million in financing for the Carriage Hill Apartments, a 608unit property in Richmond, Va. which caters to seniors 55 and older. The loan was originated by ARCS' Princeton Office. The loan was for a 10-year term and will be paid Interest Only at a rate of 5.46%; * $4.25 million in financing for The Lakes, a 257-unit manufactured housing Manufactured housing (also known as prefab housing) is a type of housing unit that is largely assembled in factories and then transported to sites of use. In the United States, the term "manufactured home" specifically refers to a house built entirely in a protected community in Kimball Township township: see town. , Mich. The loan was originated by ARCS' Troy Hills Troy Hill is a neighborhood in Pittsburgh, Pennsylvania's North Side. Office through ARCS Capital Markets Group. The loan was for a 10-year term/20-year amortization at a rate of 5.75%. |
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