Chelsea development secures $85m loan.Fremont Investment & Loan provided an $85.5 million loan to AG W. 22nd Street Realty, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control for the ground-up construction of a 13-story 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. development in Chelsea that includes 103 units plus parking and retail. This is the second time Fremont has financed ground-up condominium construction in Manhattan with project sponsors, Ben Shaoul and Rob Kaliner. The mortgage brokers for this loan were Jeff Bijur and Dave Horowitz of Cooper-Horowitz, Inc. The property is situated in an excellent location within Manhattan's Chelsea neighborhood. The planned development is for luxury condominiums at an average unit size of 950 square feet. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Richard Smith Richard Smith is the name of:
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 office, "The smaller units provide for a broader market appeal within Manhattan." In addition, Smith points to factors that helped Fremont to believe in this project: "The outstanding location, financially strong borrowers and Fremont's loan structure that will help keep the project on track." |
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