Corus inks deal for Chelsea Modern.Corus Bankshares Corus Bankshares, Inc. operates as the holding company for Corus Bank, N.A. that offers consumer and corporate banking products and services. The bank's deposit products include checking, savings, money market, and time deposit accounts. , Inc. announced that its banking subsidiary, Corus Bank, closed one commercial real estate loan in 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 totaling $56.9 million during the month of May 2007. The $56.9 million loan is to finance the construction of Chelsea Modern, a residential high-rise in the Chelsea Neighborhood of Manhattan. When complete, the project will consist of a 12-story building with 47 units containing approximately 71,000 net saleable sale·a·ble adj. Variant of salable. saleable or US salable Adjective fit for selling or capable of being sold saleability or US square feet. Building amenities include a 24-hour concierge/doorman, cold storage and package room, individual storage spaces available for purchase, fitness center, private outdoor garden, and a landscaped roof deck. This loan represents the Bank's first deal with the Borrower. Corus Bankshares, Inc., a part of the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Financial-100 Index and the KBW KBW Kommunistischer Bund Westdeutschlands (Communist Union of West Germany) KBW Keefe, Bruyette and Woods, Inc. (investment firm) KBW Knowledge-Based Warfare Regional Banking Index, is a one-bank holding company headquartered in Chicago, Illinois. Corus Bank, N.A., is an active lender nationwide, specializing in condominium construction, conversion and inventory loans. Corus also provides financing for hotel, office, and apartment projects. |
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