Mortgage deal arranged.With the lease covering almost 90% of its space expiring ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. in less than six months, and the primary tenant likely to reduce its space, a small office building in Yorktown Heights, N.Y., has been refinanced in a transaction arranged by NYMC NYMC New York Medical College NYMC New York Maritime College NYMC New York Math Circle Capital Corp. Harvey Harvey, city (1990 pop. 29,771), Cook co., NE Ill., a suburb S of Chicago; inc. 1895. Its manufactures include steel castings, metal products, chemicals, machinery, and electronic equipment. Harvey has an oil research center. The city was founded by Turlington W. Rottenberg, principal of NYMC., negotiated a $1.875 million, 10-year assumable mortgage at an interest rate of 5.522% for the first five years, with a re-set option at 200 basis points over five-year Treasury notes for the next five years. The loan will be amortized on a 25-year "schedule. Recourse The right of an individual who is holding a Commercial Paper, such as a check or promissory note, to receive payment on it from anyone who has signed it if the individual who originally made it is unable, or refuses, to tender payment. will be waived on renewal or lease-up. The deal was originated by Vincent Vicchio, a senior mortgage consultant in the Purchase, NY, office NYMC.. The lender in this case is another national mortgage company to which NYMC sells both closed and brokered residential and commercial loans. |
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