CIG International Announces Closing of Second Mezzanine Loan with RL Homes.Business Editors WASHINGTON--(BUSINESS WIRE)--April 20, 2004 CIG CIG Ceiling (height above ground level to base of clouds) CIG Conference Intergouvernementale (French: Intergovermental Conference) CIG Conservation Innovation Grants (USDA NRCS) International, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control closed its second mezzanine loan A mezzanine loan is a relatively large loan, typically unsecured (ie., not backed by a pledging of assets) or with a deeply subordinated security structure (e.g., third lien on the property but non-recourse vis-a-vis the borrower). with RL Homes in south Miami-Dade county. CIG provided $3,484,000 on a $38 million project. The loan will be used to assemble 4 parcels of land on SW 212th Street for the Bonita Bonita (Spanish and Portuguese for "beautiful") is the name of:
According to Therese Taylor, who closed the loan for CIG's Florida office, "it's just phenomenal what is happening down there. Builders are selling out projects before they can even get models started. Supply is low but demand has remained near all-time highs, which makes us eager to do more deals in South Florida." CIG International has provided over $300M of gap financing in more than 125 residential land development, homebuilding and condominium projects since 1987. CIG's financing helps close the gap between total project costs and typical development and construction loans available from senior lenders. They are headquartered in Washington, DC and have offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago and Florida. |
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