Column's NY office arranges $16.2 loans around nation.Column Financial, Inc. announced last week that its New York office has financed $16.2 million for projects around the nation. The projects include: A 30-unit multi-family project in Tomball, TX for $850,000. The financing was structured as a 10-year term loan Term Loan A loan from a bank for a specific amount that has a specified repayment schedule and a floating interest rate. Term loans almost always mature between one and 10 years.Notes: For example many banks have term-loan programs that can offer small businesses the cash they need to operate from month to month. Often a small business will use the cash from a term loan to purchase fixed assets such as equipment used in its production process., with 25-year amortization Amortization 1. The paying off of debt in regular installments over a period of time.2. The deduction of capital expenses over a specific period of time. Similar to depreciation, it is a method of measuring the consumption of the value of long-term assets like equipment or buildings. Notes: Think of amortization (the deduction of capital expenses) as a way to claim the decrease in value on your car every year., 74% LTV LTV - Loan To Value (ratio)LTV - Land Transport Vehicle LTV - Large Test Vessel LTV - Latvian Television (Riga, Latvia) LTV - Lead-Time Variance LTV - Life Time Value (marketing and targeted marketing, mailing) LTV - Light Tactical Vehicle (US Army) LTV - Light Transport Vehicle (Pakistan) LTV - Linear Time-Varying (systems and controls) LTV - Ling-Temco-Vought Co. and a 1.51x. The financing was arranged by Pinnacle Realty Advisors. A 59,800 s/f industrial project in Monsey, N.Y. for $1.925 million. The financing was structured as a 10-year term loan, with 25-year amortization, 64% LTV and a 1.30x. The financing was arranged by Sunnyside Comercial Mortgage. A 75-unit multi-family project in Carrollton, TX for $1.525 million. The financing was structured as a five-year term loan, with 25-year amortization, 78% LTV and a 1.45x. The financing was arranged by BMC Mortgage Dallas. A 8,877 s/f office project in Manhattan Beach, CA for $2.3 million. The financing was structured as a 10-year term loan, with 30-year amortization, 65% LTV and a 1.27x. The financing was arranged by Holliday Fenoglio. A 123-unit MHP project in Cottondale, AL for $1.207 million. The property, Paddington Paddington, London, England: see Westminster, City of. MHP, was built in 1996. The financing was structured as a 15-year term loan, with 15-year amortization, 65% LTV and a 1.46x. The financing was arranged by Wells Fargo Commercial Mortgage Bank. A 20,087 s/f office project in San Diego, CA for $2.325 million. The financing was structured as a 10-year term loan, with 30-year amortization, 75% LTV and a 1.32x. The financing was arranged by L.J. Melody & Company. A 49,388 s/f retail project in Houston, TX for $2.75 million. The financing was structured as a 10-year term loan, with 25-year amortization, 64% LTV and a 1.61x. The financing was arranged by BMC Mortgage Houston. A 47,210 s/f self-storage project in American Fork, UT for $1.15 million. The financing was structured as a 10-year term loan, with 20-year amortization, 70% LTV and a 1.31x. The financing was arranged by Bonneville Mortgage. A 27-unit multi-family project in Bryan, TX for $1.06 million. The financing was structured as a 10-year term loan, with 25-year amortization, 80% LTV and a 1.35x. The financing was arranged by BMC Mortgage Houston. A 21,400 s/f retail project in Camden, N.J. for $1.1 million. The financing was structured as a 10-year term loan, with 20-year amortization, 69% LTV and a 1.28x. The financing was arranged by Cooper Horowitz. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion