Capmark Finance Inc. Provides $113 Million in Financing for Market Street at Woodlands.THE WOODLANDS, Texas -- Capmark Finance Inc. (Capmark Finance) provided $113 million in fixed-rate, permanent, construction financing for Market Street at Woodlands, a mixed-use property located at 9595 Six Pines Road in The Woodlands, Texas. The 80 percent LTV LTV See: Loan-to-value ratio loan has a 10-year term with interest-only payments for the first three years. Situated on 34 acres of land, the 496,000 square-foot property is located north of downtown Houston Downtown Houston is Houston's largest business district. In terms of office square footage, it is the seventh largest in the United States. Downtown Houston contains the headquarters of many prominent companies. . Occupied at 95 percent, Market Street at Woodlands offers retail and office space. Major retail tenants include HEB HEB Hebrew HEB Hurst-Euless-Bedford (Texas) HEB Hot Electron Bolometer HEB Hindu Endowments Board (Singapore) HEB Here Everything's Better HEB High-Energy Beam HEB High Energy Biscuit Grocery, Tommy Bahama Tropical Cafe & Emporium, Sharper Image, Cinemark Movie Theatre and Eddie Bauer. Office tenants include Merrill Lynch, The Gallup Organization and Edward Jones. Vice President David Fishler of the Capmark Finance New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. office originated the transaction. The borrower was Kimco Market Street, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a joint venture between Kimco and Trademark Properties, a Fort Worth-based real estate development company. "Capmark Finance provided competitive financing for this high-quality asset," said Fishler. "Loan proceeds were used to repay the construction loan that funded the development of this project." Capmark Finance has previously provided numerous fixed-rate loans for Kimco. About Capmark[TM]: Capmark is a leading real estate financial company with three core businesses: lending and mortgage banking, investments and funds management, and loan servicing. Capmark operates in North America, Europe and Asia. Capmark Finance Inc., the U.S. real estate lending and mortgage banking operations of Capmark, has access to multiple capital sources and offers a full range of financing solutions and resources. Capmark Finance is a direct lender, a correspondent for insurance companies, pension funds and other capital markets conduits and one of the leading approved lenders for Fannie Mae Fannie Mae: see Federal National Mortgage Association. , Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. and HUD/FHA HUD/FHA Housing and Urban Development / Federal Housing Administration . With a servicing portfolio of approximately $310.9 billion as of Dec. 31, 2006, Capmark Finance is one of the industry's leading loan servicers. Capmark Investments LP, the investments and funds management operation of Capmark, is an established manager of equity real estate and mortgage-related investments in the public and private markets with approximately $13.7 billion in investments under management and supervision as of Dec. 31, 2006. For more information about Capmark, visit www.capmark.com. Capmark Finance Inc. Mortgage Banking Licenses: CA: CA Department of Corporations Finance Lender License (lending) and CA Dept. of Real Estate Broker License #00398180 (brokering); MI: Capmark Finance Inc., Michigan Real Estate Broker, Phone 248-208-3460; NV: Capmark Finance Inc., 1 East Liberty Street, 6th Floor, Suite 12, Reno, NV, Phone: 775-686-6690; NY: Capmark Finance Inc., 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 Real Estate Broker (c)2007 Capmark Financial Group Inc. All rights reserved. |
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