Bronxville financing deal.Steve McCulloch of Houlihan Parnes/iCap Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Advisors recently placed financing on a retail-office property located at 141 Parkway Road, Bronxville NY. This 80,000 s/f property is located on the corner of Parkway Road and Palmer Avenue across the street from Lawrence Hospital and the Metro North train station. A few of the 32 tenants in the building include North Fork Bank North Fork Bank was an American bank headquartered in Melville, New York purchased by Capital One at the end of 2006 for $14.6 billion U.S. dollars. It was only the second bank bought by Capital One, and was the larger of two acquisitions comprising Capital One's 2005-06 expansion , Houlihan O'Malley Appraisals and Medicom International. There is on-site outdoor parking for approximately 65 cars as well as interior parking for approximately 75 cars. Both the office space located on the second floor and the retail space on ground level have had significant upgrades as new leases have been signed over the past 3 years. The loan amount was $9,500,000 and was placed with one of the largest commercial banks in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The loan was 6.18% fixed for 10 years with interest only for the entire term of the loan. There are no reserves for tenant improvements or leasing commissions. Part of the process involved in placing the new loan was defeasing the existing debt which added an additional layer of complexity to the transaction. The interest rate was locked 2 weeks after application and the loan was funded 30 days later. Tom Leslie and Randy The name Randy generally derives from the names Randall or Randolph (meaning wolf with a shield). Randy is used as a given name primarily in the US and Canada. Men known as Randy
British Conservative politician who served as prime minister (1979-1990). Her administration was marked by anti-inflationary measures, a brief war in the Falkland Islands (1982), and the passage of a Proffit & Wood handled legal matters for the borrowers. |
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