Carlton arranges $17m downtown condo loan.Carlton Carl·ton , Steven Norman Known as "Steve." Born 1944. American baseball player. As a left-handed pitcher with the Philadelphia Phillies (1972-1985), he became the first pitcher to win four Cy Young Awards (1972, 1977, 1980, and 1982). Advisory Services' chairman Howard L. Michaels announced that Carlton has arranged $17 million of bridge and acquisition financing on behalf of one of its clients for 523 Greenwich Street, a luxury 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. project to be developed in the Hudson Square section of Manhattan. The loan proceeds will be used to fund the acquisition and pre-development of an 18-story, 22 unit luxury condominium that will be located at Greenwich and Spring streets. Carlton was able to obtain an 80% LTC LTC abbr. lieutenant colonel /100% LTV LTV See: Loan-to-value ratio loan on unentitled land, and closed the transaction in under 30 days, the firm said. This financing was arranged by Carlton executives Ruth Barone and Elliot Horowitz. The site is centrally located within the heart of Hudson Square, an area that straddles the Far West Village, SoHo and TriBeCa neighborhoods, and which continues to be one of the most attractive residential neighborhoods in Manhattan. A number of highly-regarded, distinctly modern projects that have been completed here recently include the Philip Johnson-designed Urban Glass House at 328 Spring Street and the esteemed es·teem tr.v. es·teemed, es·teem·ing, es·teems 1. To regard with respect; prize. See Synonyms at appreciate. 2. To regard as; consider: esteemed it an honor to help them. Winka Dubbeldam condominiums at 497 Greenwich Street. |
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