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Corus provides $59m for 'Emerald' village.


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 on Feb. 12 that its banking subsidiary, Corus Bank, finalized a $59.1 million loan for an affiliate of Emerald Fund, Inc.

The loan was secured by the unsold units in the Ocean View Village, a 370-unit condominium complex at 3995 Alemany Boulevard in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Ca.

With Ocean View Village just a few minutes away from Daly City Daly City, city (1990 pop. 92,311), San Mateo co., W Calif., a suburb of San Francisco; inc. 1911. Daly City is primarily residential, its population having grown significantly since the 1970s.  BART Station, 19th Avenue and I-280, its residents have immediate access to San Francisco State University     [ , downtown San Francisco and the peninsula.

In addition, retail space at the site includes Bally Fitness, Albertsons, Rite Aid, Hollywood Video, Subway and Starbucks. These amenities and the affordable price point have contributed to a very successful sales campaign since units began to be offered in early 2003.
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Title Annotation:Corus Bankshares Inc., Emerald Fund Inc.; Ocean View Village
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 3, 2004
Words:127
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