Legg Mason Real Estate Services.Ernest DesRochers, senior vice president and regional manager of 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' (LMRES LMRES Legg Mason Real Estate Services ) Long Island Regional office, arranged a $6.6 million first mortgage loan for 229-233 7th Street, an 82,000 square-foot office building located in Garden City, NY. Financing was arranged by LMRES through its correspondent relationship with Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. . The major tenant in the building is the Automobile Association of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Financing was based on a five-year term with a 30-year amortization. In addition, Charles P. Cotsalas, vice president of LMRES's s Long Island office, arranged a $8.5 million first mortgage loan for the Jackson Terrace Apartments in Hempstead, NY. Jackson Terrace is a 420-unit apartment complex located at 100 Terrace Avenue. Financing was arranged for Jackson Terrace Associates by LMRES through its correspondent relationship with Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. . Martin Klebanoff, senior vice president and regional manager of LMRES Northern New Jersey regional office, arranged a $34.5 million first mortgage loan for The Tower at Mariner's Cove, a 15-story, 175-unit hi-rise located in Edgewater, NJ. Financing was arranged by LMRES through Allstate Life Insurance Company, and was based on a 25-year term with a 25-year amortization. |
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