Financing: Real estate.Meridian Capital Group announced the following transactions: * A new mortgage of $9 million for a 16-story, multifamily building on Passaic Ave. in Passaic, N.J. The loan featured a 6.8% rate and a 10-year term. * A new mortgage of $3.5 million for a five-story, multifamily building on Fourth Ave. in Brooklyn, N.Y. The loan featured a 7% fixed rate and a 15-year term. Joseph Taub negotiated the transaction. * A new mortgage of $2.64 million for a multifamily building in Waterbury, Conn. The loan featured a 6.15% rate and a 10-year term. * A new mortgage of $1.8 million for a motel in Farmingdale, N.Y. The loan featured an 8% rate and a 10-year term. Cary E. Pollack pollack: see cod. pollack or pollock Either of two commercially important North Atlantic species of food fish in the cod family (Gadidae). negotiated the transaction. * A new mortgage of $1.8 million for a four-story, mixed-use building on Sterling Place in Brooklyn, N.Y. The loan featured a 6.54% rate and a 10-year term. Joseph Taub negotiated the transaction. * A new mortgage of $1.64 million for a five-story, multifamily building on Caton Ave. in Brooklyn, N.Y. The loan featured a 5.880% rate and a 10-year term. Scott Assouline negotiated the transaction. Aegis Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Consultants arranged mezzanine mez·za·nine n. 1. A partial story between two main stories of a building. 2. The lowest balcony in a theater or the first few rows of that balcony. debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay in the amount of $10 million for 600 and 650 College Road, two adjoining, class "A" office buildings in Princeton, N.J. M. Robert Goldman & Company, Inc. announced the following transactions: * An $18 million refinancing Refinancing An extension and/or increase in amount of existing debt. loan for a 150,000 SF office building at 105 Maxess Road in Melville, N.Y. The loan featured a 10-year term. Robert Gladitsch, vice president of M. Robert Goldman & Company, was the broker in the transaction. * And an $8.7 million acquisition financing for a 99,487 SF office building at 125 Baylis Road Baylis Road is a thoroughfare in Lambeth, London SE1, England running between Westminster Bridge Road to the south-west and Waterloo Road to the north-east. The Old Vic Theatre is located at the north-east junction. Waterloo Station is to the north. in Melville, N.Y. The loan featured a 10-year term and a 25-year amortization schedule. Jonathan Goldman, executive vice president of M. Robert Goldman & Company, was I the broker in the transacition. Carlton Advisory Services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , Inc. has arranged a $65 million floating rate financing for the Empire Hotel, a 14-story, luxury hotel on W. 63rd St., at the intersection of Broadway and Columbus Ave. Legg Mason Founded in 1899, Legg Mason, Inc. (NYSE: LM) is a leading Global Asset Management Firm that serves the institutional, mutual fund and wealth management markets. The firm is headquartered in Baltimore, Maryland, and is located on Lombard and Charles Streets in the Legg Mason Real Estate Services announced the following transactions: * Michael James, vice president of Legg Mason Real Estate Services' Rochester office, arranged a $6.1 million first mortgage for Freedom Plaza Freedom Plaza, originally known as Western Plaza, is an open plaza in Northwest Washington, D.C. at the corner of 14th Street and Pennsylvania Avenue NW, adjacent to Pershing Park. , a 207,000 SF shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into , located in Rome, N.Y. The financing featured a 15-year term and a 15-year amortization * John Quartuccio, senior vice president and regional manager of Legg Mason Real Estate Services, and Craig Bjornsund, vice president, arranged a $12 million first mortgage for 22 W. 48th St., an 80,000 SF office building in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The loan featured a 10-year term and a 25-year amortization schedule. * John Quartuccio and Craig Bjomsund arranged a $23 million first mortgage for 15 W. 47th St., a 120,000 SF office building in located in New York City. The loan featured a 10-year term and a 25-year amortization schedule. * Ernest DesRochers, senior vice president and regional manager of Legg Mason Real Estate Services' Purchase office, and Robert Ranieri, senior vice president, arranged a first mortgage for Orchard Ridge, a two-building, 16,000 SF industrial office complex, located in Brewster, N.Y. The loan featured a 10-year term and a 25-year amortization schedule. * David Fagan, senior vice president and regional manager of Legg Mason Real Estate Services' Rochester office, arranged a $5 million first mortgage for Cornerstone Center in Gates, N.Y. The loan featured a 10-year term and a 20-year amortization schedule. Daniel J. Cunningham, of Harvey P. Katz Associates, has arranged a new mortgage of $1.277 million for two six-story, co-op buildings at 468 West Broadway and 140 Thompson St. in New York City. Winter and Company arranged a $2.925 million first mortgage for a sevenstory, 34,000 SF residential loft building at Ann St. in New York City. The non-recourse loan featured a 7.1% rate. Gregg Winter, president, arranged the financing for the transaction. |
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