Melody works it out.L.J. Melody & Company arranged financing in the amount of $3,325,000 for Collier Center and Collier District in Bonita Springs, Florida Bonita Springs is a city in Lee County, Florida, United States. The population was 32,797 at the 2000 census. According to the U.S Census estimates of 2005, the city had a population of 37,992. , a suburban community 15 minutes north of Naples. The flex style buildings, constructed in 2001 and 2002, are located within an attractive business park setting and are easily accessible from Interstate 75 and Naples Municipal Airport Naples Municipal Airport (IATA: APF, ICAO: KAPF, FAA LID: APF) is a public airport located two miles (3 km) northeast of the central business district of Naples, a city in Collier County, Florida, United States. . The buildings feature a combined net rentable area of 47,400 square feet and are centrally air-conditioned. The buildings were 100% leased to nine tenants. The borrower was motivated to refinance Refinance 1. When a business or person revises their payment schedule for repaying debt. 2. Replacing an older loan with a new loan offering better terms. Notes: When a business refinances they typically extend the maturity date. an existing floating rate bank loan due to the anticipation of increasing interest rates, a low 10-year Treasury Note yield of 4.17%, and a very attractive spread that was offered by Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. Commercial Mortgage, Inc. Tim Harwood, assisted by Bill Catanzaro, of L.J. Melody & Company's Stamford office, secured the funding for this transaction. |
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