Apartment loan arranged over ten-year term.Howard Levine, President/CEO of ARCS Commercial Mortgage Co., announced the closing of $7.852 million in financing for the Chaumont Chaumont (shōmōN`), town (1990 pop. 28,900), capital of Haute-Marne dept., NE France, in Champagne, at the confluence of the Marne and Saize rivers. It is a railroad and light industrial center. Iron is mined nearby. The Treaty of Chaumont, signed on Mar. Villas, a 60-unit property in Anaheim, CA. Constructed in 1962, the Chaumont Villas is a garden style apartment complex consisting of 21 buildings on over 4 acres. Common amenities include a swimming pool and wading pool and central courtyard. The loan was originated by ARCS' Calabasas Hills Office. The loan was for a 10 year term/30 year amortization repaid Interest Only for the first 5 years at a rate of 5.7%. ARCS is one of America's leading commercial lenders, capable of providing Fannie Mae, Capital Markets, mezz & bridge financing Bridge Financing A method of financing, used by companies before their IPO, to obtain necessary cash for the maintenance of operations.Notes: These funds are usually supplied by the investment bank underwriting the new issue. As payment, the company acquiring the bridge financing will give a number of shares at a discount of the issue price to the underwriters that equally offsets the loan., and Freddie Mac in selected regions. In 2005, ARCS provided more than $2.4 billion for 289 properties nationwide.
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