Apartment refinance.The owner of a 196-unit apartment project in North Little Rock landed a $4.87 million funding agreement Funding Agreement Illiquid insurance contracts that provide guaranteed principal repayment and interest payments for a predetermined period of time. Notes: Funding agreements are marketed to mutual fund companies and municipal reinvestments. . College Gardens Apartments LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control of Los Angeles obtained the 10-year loan from Greystone Servicing Inc. of Warrenton, Va. The 10.3-acre Shorter College Gardens Apartments development at 800 Beech St. previously was linked with a September 2008 mortgage of $6 million held by Madison Realty Capital Ltd. of New York. The property was acquired for $3.2 million 13 months ago from Intrepid Investments Inc., led by Christopher Schultz. |
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