Borrowers sitting tight with $38M GE loan.GE Real Estate announced it provided a $38 million on-book, fixed rate loan to New York-based Mountbatten Equities L.P. to refinance the Printing House rental condominiums in West Greenwich Village Greenwich Village (grĕn`ĭch), residential district of lower Manhattan, New York City, extending S from 14th St. to Houston St. and W from Washington Square to the Hudson River. . The property at 421 Hudson St has 107 units and was converted from a commercial loft to condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. apartments in 1979. Mountbatten Equities L.P. locked into long-term financing Long-term financing Liabilities repayable in more than one year plus equity. with the flexibility to sell individual units when market conditions are more advantageous. The principals of the firm have been valued customers of GE since 1990 and currently have two transactions on GE's books. "GE has been our lender-of-choice for 16 years and made this a smooth transaction from start to finish," said Win Chamberlin, a principal of Mountbatten who has a duplex in the Printing House property. "With its capital resources and commitment to partner relationships, we know we can count on GE to deliver an excellent customer experience to all our clients," said Jon Estreich, who brokered the transaction for Estreich and Company. "This is a one-of-a-kind building under superb management," said David Cohen For other persons named David Cohen, see David Cohen (disambiguation). David Cohen (November 13, 1914 - October 3, 2005), was an American politician, noted for his service in the administration of President Franklin D. , regional director, Northeast for GE's North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. Lending Group. "We are pleased that Estreich & Company continues to rely on GE for the financing solutions that will help meet the needs of their clients." |
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