Larry Sneathern, SVP/ Central Region of ARCS Commercial Mortgage Co., L.P. announced the closing of $5,308,000 million in financing for the Terrace Apartments, a 236-unit multifamily property in Irving, TX.Larry Lar´ry n. 1. Same as Lorry, or Lorrie. Sneathern, SVP/ Central Region of ARCS Commercial Mortgage Co., L.P. announced the closing of $5,308,000 million in financing for the Terrace Apartments, a 236-unit multifamily property in Irving Irving, city (1990 pop. 155,037), Dallas co., N Tex., a suburb of Dallas; inc. as a city 1952. Building supplies, chemicals, electronic equipment, and airplane parts are manufactured in Irving. , TX. The loan was originated by ARCS' Dallas Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S. Office. The loan was for a 7 year term and will be repaid Interest Only at a rate of 6.005% for three years then begin 30 year amortization. |
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