Ackman-Ziff goes across country with $390m in deals.The Ackman-Ziff Real Estate Group arranged a $35 million leasehold mortgage for a 151-unit, residential rental project in Manhattan The loan was for 10 years with the first three years interest only. The capital source did not require a debt service coverage test which enabled the borrower to maximize loan proceeds. The property consists of two buildings. One is a full service, 24-hour doorman, luxury residential rental apartment building containing 131 residential rental apartment units and 36,706 s/f of retail space. The second building is a five-story walk-up residential rental apartment building, located immediately adjacent. The second property contains 20 one-bedroom residential apartments units. The property was built in the early 1900's. Ackman-Ziff also arranged a $11,750,000, 10year, three years interest only acquisition loan for a loft building in midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town Manhattan. Located in the Garment District The Garment District is a store in Cambridge, MA and is well known for its Dollar-A-Pound clothing store. The Garment District started out as an offshoot of Harbor Textiles, a textile company which produced wiping cloths for industry that began in the late 1940s. the property is at the center of commercial and residential investment and development activity in Manhattan. The 80,000 s/f, eight-story building was constructed in 1922 and historically housed offset printing operations, commercial offices and garment manufacturers. Among other deals executed by the firm recently were: In Harrison, NY, Ackman-Ziff arranged a $29,000,000 leasehold financing for Saxon Woods Corporate Center, a 236,925 s/f, two-building office campus located at 550 and 600 Mamaroneck Avenue; A $16,850,000 construction facility loan was also arranged for The Concession Phase II, Florida's new $600 million, 1,232-acre luxury, private, gated estate golf course community; And, a $58M acquisition and renovation loan was arranged for the Hyatt Regency Islandia in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. ; A $66,000,000 mortgage and a $16,000,000 mezzanine investment for The Mosaic in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , a 30-floor, high-rise development containing 394 residential units and 12,965 s/f of retail space that will be leased and owned by the developer; A $57,000,000 short-term first mortgage and mezzanine loan A mezzanine loan is a relatively large loan, typically unsecured (ie., not backed by a pledging of assets) or with a deeply subordinated security structure (e.g., third lien on the property but non-recourse vis-a-vis the borrower). for the acquisition of Forest Creek Apartments in Forestville, Maryland Forestville is a census-designated place (CDP) in Prince George's County, Maryland, United States. The population was 12,707 at the 2000 census. The community is a mixture of garden apartments, single-family homes, and shopping centers built mostly from the 1930s through 1970s, ; $100,000,000 in financing for the Avion Business Park in Chantilly, Virginia Chantilly is an unincorporated community located in western Fairfax County and southeastern Loudoun County of Northern Virginia. Recognized by the U.S. Census Bureau as a census designated place (CDP), the community population was 41,041 as of the 2000 census. ; |
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