M. Tuck Capital Associates.
In another transaction, Tuck arranged $1.5 million for a 36-unit five- story walkup located on Avenue A in Manhattan. The property contains three stores and will benefit from the 7.25 percent seven-year fixed-rate loan. The loan was placed with a regional lender, which waived its fee for this transaction.
Brian P. Greenfield arranged financing of $8.78 million for seven properties containing 322 units and 10 stores. The properties are located in the Flatbush and East New York sections of Brooklyn, and one is located in Jamaica, Queens. The 10-year fixed-rate loans closed at a rate of 7 percent. The loans were closed with a regional lender, which charged no origination fee.
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|Publication:||Real Estate Weekly|
|Date:||Dec 8, 1999|
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