Holliday Fenoglio Fowler Arranges $45 Million Refinancing for Olympia House in New York City.Business Editors WESTPORT, Conn.--(BUSINESS WIRE)--April 1, 2003 The Westport, Connecticut Westport is a coastal town in Fairfield County, Connecticut, in the United States. The 2004 population estimate was 26,644. The town is as affluent as other expensive Fairfield County towns, boasting a per capita income of more than $70,000. office of Holliday Fenoglio Fowler, L.P., the nation's leading commercial mortgage banking firm, arranged a $45 million refinancing Refinancing An extension and/or increase in amount of existing debt. for Olympia House, a 240-unit, luxury high-rise, full-service, doorman apartment building located 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. . Senior Director Mark Fisher This article is about the British politician. For others, see Mark Fisher (disambiguation). Mark Fisher (born October 29, 1944) is a British politician. arranged the ten-year, 5.5% fixed-rate full loan with a substantial "interest only" component, on behalf of owners Steven B. Elghanayan, Farhad Isaac Hakim and Shirley Elghanayan-Krayem through a pension fund client of Lend Lease Real Estate Investments, Inc. Director Elizabeth Paolella was the Senior Analyst on the transaction. Olympia House is located at 279 East 44th Street and was built in 1964 by the same two families that own it today - the Elghanayans and the Hakims. The 240-unit building is comprised of 26 studio, 168 one-bedroom, 26 "junior four" (large one-bedroom), 13 two-bedroom and seven three-bedroom units - a majority of which are considered large by New York City standards. Street-level retail fronting Second Avenue is comprised of 12,400 square feet and is divided into seven spaces. A 120-space parking garage is located on two sublevels and is operated by one of New York's largest operators, The Mallah Group. The building is currently 98% leased. "Olympia House is in the Turtle Bay Turtle Bay is the name of the following places:
2. By the constitution of the United States, the president has the power to fill up vacancies that may happen during the recess of the senate. rate ranging around 2%, dense population and heavy traffic, Olympia House is a prime location." With 18 offices nationwide, Holliday Fenoglio Fowler is one of the country's largest commercial real estate capital intermediaries. Since 1998, the firm has capitalized debt, equity/structured finance and investment sales transactions of almost $62 billion. |
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