Interim deal for $22m.Column announced its Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CA office has financed a multifamily property in Memphis, TN for $22,400,000. The loan funded in April 2006. The financing was structured as a 2-year term plus 3 one-year extensions. Column's Interim FL Program provides in-depth industry expertise, offering flexible and timely financing solutions for multifamily, office, hotel, retail, industrial, mixed use, and condo conversion Generally stated, a condo conversion is a process of entitling an income property or other lands currently held under one title to convert from sole ownership of the entire property (which often already is a multi unit property) into individual for sale units. properties. In addition to the Interim FL program, Column offers a broad range of financial products including construction loans, tax credit financing as well as mezzanine financing Mezzanine Financing A hybrid of debt and equity financing. Mezzanine financing is typically used to finance the expansion of existing companies, and it is basically debt capital that gives the lender the rights to convert to an ownership or equity interest in the company if the and equity participation with loan amounts ranging from $1 million to 1 billion. Headquartered in Atlanta, GA and backed by the strength of Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. , Column Financial was established in 1993 to originate commercial mortgage loans. With 14 offices throughout the United States and Canada, Column has closed over $50 billion in commercial loans. |
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