Collins refinances Stamford property.Morgan Stanley
"We had several financial incentives to close the MSDW MSDW Morgan Stanley Dean Witter MSDW Multi-Cast with Same Destination Wavelength MSDW Metal Studs, Dry Wall (construction) financing before year-end," reported Michael J. Marcante, Executive Vice President for Collins. "The proceeds from the refinancing were used to repay the property acquisition loan, fund leasing costs and return approximately 55% of the original capital contributed by the partners." MSDW's Pete Dunn arranged the financing, working directly with Marcante, who represented the borrower. "This transaction reaffirms our strategy to buy 'B' office buildings in good locations, deploy capital as needed as needed prn. See prn order. to retenant and renovate property, then refinance, taking advantage of increased occupancy and improved NOI NOI Net Operating Income NOI Notice of Intent NOI Nation of Islam NOI Notice of Inquiry NOI Neuro Orthopaedic Institute NOI New Organizing Institute NOI Notice of Interest NOI No Offense Intended NOI National Olympiad in Informatics ," said Marcante. Collins Enterprises owns and operates a $150 million portfolio of multifamily and office properties in strategic urban. and: suburban locations, primarily in the New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. . The company has a 30-year history of acquiring and developing a variety of successful projects, including office, residential, mixed-use and waterfront projects. Collins Enterprises is actively seeking commercial and residential properties that represent value-added opportunities to employ its repositioning and development skills. |
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