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M&M arranges construction loan.


Marcus & Millichap Capital Corporation (MMCC MMCC Mobile Mini Circus for Children
MMCC Memphis Managed Care Corporation
MMCC Medicare Managed Care Contract
MMCC Mosholu Montefiore Community Center
MMCC Marine Mammal Care Center (San Pedro, California) 
) has arranged a $10.4 million adjustable-rate loan for the construction of The Sterling Condominiums, which will be a seven-story, 42,000-square foot building consisting of 21 large residential units, 7,600 square feet ground-floor retail space and 8,000 square feet below-grade parking in Brooklyn.

Jerry Kray kray (krī) [Rus.,=edge], administrative and territorial unit of Russia. There are seven krays, or territories, within Russia. They are: Altai Territory, Khabarovsk Territory, Krasnodar Territory, Krasnoyarsk Territory, Maritime Territory, Perm , senior director in the Manhattan office of MMCC, arranged the financing for the borrower, 4102 13 Avenue Development LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
.

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 the developer, this improvement is expected to be well received both by the potential buyers in the immediate area and the ground-floor retailers. "It is the first new construction of this type servicing this community," says Kray.

Construction on The Sterling is expected to be completed by early 2008. The financing was provided through a commercial bank at an 80 percent loan-to-cost ratio, which included the appraised value of the land.
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Article Details
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Publication:Real Estate Weekly
Date:Dec 6, 2006
Words:145
Previous Article:Sonnenblick completes $50m deal.
Next Article:Sterling National Bank branching out on Long Island.
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