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Belfonti's $8m risk assessment.



Michael Belfonti, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Belfonti Associates, announced that one of his related entities, Enfield Woods, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, has refinanced Woodgate Apartments, a premiere community of 208 one and two-bedroom apartment homes located in the historic district of Enfield, CT, in the amount of $8.25 million.

JPMorgan Chase JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. The company, headquartered in New York City, is one of the leaders in investment banking, financial services, asset and wealth management and private equity. With assets of $1.  Bank, N.A. provided the financing, which was brokered by Epstein Canarick Corp. of Jericho, NY.

"Because of the inevitable rise of interest rates, we took advantage of a fixed-rate, low interest loan. This removes one more risk variable from our continually growing portfolio," said Mr. Belfonti. "Reducing interest rate risk is a critical component in our business model, especially given today's highly competitive and uncertain market."

As part of the expansive Belfonti residential portfolio since 1988, the Woodgate Apartments are located just minutes from Hartford, Springfield and the regional airport, close to shopping, dining, churches and schools. Woodgate Apartments' private grounds include lovely woodland trails, a private in-ground swimming pool, on-site laundry facilities and clubhouse.

These apartment homes feature spacious floor plans, large walk-in closets, fully applianced kitchens, ceiling fans, air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. , and a balcony, deck or patio patio

In Spanish and Latin American architecture, a courtyard open to the sky within a building. A Spanish development of the Roman atrium, it is comparable to the Italian cortile but provides more seclusion, possibly due to Moorish custom. The patio of the contemporary U.S.
. The rent includes heat and hot water, and units are cable ready with high speed internet availability.
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Date:May 3, 2006
Words:205
Previous Article:Housing institute names ARCS Community Lender of the Year.
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