Loan is 'fixed to float'.

Steven Heller, SVP/Eastern Region of ARCS Commercial Mortgage Co., announced the closing of $5.5 million in financing for the Regency Cooperative Apartments, a 163-unit property in Fort Lee, NJ.

Built in 1971 and converted to co-operative ownership in 1976, the Regency-Cooperative is an eight-story building with common amenities which include a pool, fitness center, laundry facilities and underground parking.

The loan was originated by ARCS' Princeton office in conjunction with Winter & Company Commercial Real Estate Finance through Freddie Mac's Fixed-To-Float program. The loan was for a 10 year term/Interest Only at a rate of 5.89%.

Howard Levine, President/CEO of ARCS Commercial Mortgage Co., announced the closing of $4,520,000 in financing for El Rancho El Rancho may refer to:

El Rancho Charter School, a public charter school located in Anaheim, California
El Rancho High School, a public school in Pico Rivera, California
El Rancho Hotel & Motel, a Gallup, New Mexico Hotel listed as a National Historic Site

Verde Mobile Estates, a 145-pad, age-restricted manufactured housing Manufactured housing (also known as prefab housing) is a type of housing unit that is largely assembled in factories and then transported to sites of use.

In the United States, the term "manufactured home" specifically refers to a house built entirely in a protected community in Rialto Rialto, city (1990 pop. 72,388), San Bernardino co., S Calif., a residential suburb of San Bernardino; inc. 1911. The city has greatly expanded as a result of the economic and demographic growth of the southern California area. , CA.

Built in 1987, El Rancho Verde is a community designed for seniors 55 and older. The property spans over 22 acres and offers amenities such as a clubhouse with on-site management, swimming pool, spa, sauna, BBQ/picnic area, shuffleboard shuffleboard, sport in which players use cue sticks to push disks onto a scoring diagram at either end of a concrete or terrazzo court. The court is 52 ft (15.85 m) long and 6 ft (1.83 m) wide. The bases of the triangular scoring diagrams are parallel to and 8 ft (2. court, laundry facilities, fitness center and RV storage.

The loan was originated by ARCS' San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden Office through ARCS Capital Markets Division. The loan was for a 10 year term/Interest Only at a rate of 5.94%.

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Title Annotation:	FINANCE
Publication:	Real Estate Weekly
Date:	Oct 11, 2006
Words:	209
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Topics:	Mortgage banks Finance

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