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Co-op secures $4.5M.


Gary Kokalari, manager of Washington Mortgage Financial Group's northeast regional office, has announced the funding of a $4.5 million loan for the cooperative apartment building known as Fountains Clove clove, name for a small evergreen tree (Syzygium aromaticum or Eugenia caryophyllata) of the family Myrtaceae (myrtle family) and for its unopened flower bud, an important spice.  Road Apartments, located at 1000 - 1100 Clove Road, Staten Island Staten Island (1990 pop. 378,977), 59 sq mi (160 sq km), SE N.Y., in New York Bay, SW of Manhattan, forming Richmond co. of New York state and the borough of Staten Island of New York City. , 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
. The loan was provided with a 25-year term an a self-liquidating basis.

Fountains Clove Road Apartments consists of two nine-story elevator elevator, in machinery
elevator, in machinery, device for transporting people or goods from one level to another. The term is applied to the enclosed structures as well as the open platforms used to provide vertical transportation in buildings, large ships,
 buildings containing a total of 306 units, and three of these units are used as medical suites. Amenities include both indoor and outdoor swimming pools and health club. This loan was referred to Washington Mortgage by Eugene DeGidio of Maxwell-Kates.
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Title Annotation:Washington Mortgage Financial Group Inc. finances cooperative apartment building in Staten Island, New York with $4.5 million
Publication:Real Estate Weekly
Date:Dec 16, 1992
Words:103
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