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M&T Bank.


The commercial real estate department of M&T Bank's New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 division provided $50 million in financing on The Belnord Apartments at 2360-2376 Broadway, announced Sam Giarrusso, senior vice president.

The loan for the historic residential property is an adjustable rate Adjustable rate

Applies mainly to convertible securities. Refers to interest rate or dividend that is adjusted periodically, usually according to a standard market rate outside the control of the bank or savings institution, such as that prevailing on Treasury bonds or notes.
 first mortgage, with a five-year term. Scott Lublin, vice president, was the loan officer in charge of the transaction.

The 14-story, 619,000 sf property, owned by Intell Management, contains 219 apartments. Retail tenants include CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. , Club Monaco Club Monaco is an upscale clothing retailer with more than 65 stores in North America. Canada, Hong Kong, Taiwan, Seoul, the United Arab Emirates and the United States. Club Monaco plans to open stores in the United Kingdom and expand to Philadelphia, and Manila. , and Banana Republic.
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Title Annotation:provides $50 million in financing for The Belnord Apartments
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U2NY
Date:Sep 13, 2000
Words:83
Previous Article:Column Financial.(Brief Article)
Next Article:Michael A. Burak Inc.(Brief Article)
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