Mercury Capital Corporation.
New York-based Mercury Capital Corporation announced that it has
recently provided first mortgage financing in the amount of $3.9 million
on a 41,000 square-foot medical office building located in Stoney ston·ey
adj.
Variant of stony. Brook,
NY.
Jonathan Daniel, vice president, noted that the transaction was
completed in two weeks, enabling the borrower to take advantage of a
short fuse short fuse
n. Slang
A quick temper. prepayment Prepayment
1. The payment of a debt obligation prior to its due date.
2. The excess payment over a scheduled debt repayment amount.
Notes:
1. Examples include deferred expenses such as rent and early loan repayments.
2. opportunity on existing debt, and provide
additional funds for tenant installation work.
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