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NYC investor gets Carlton loan in Ohio.


Carlton Advisory Services advisory services

advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal
 executives Neil Bane and Ruth Barone arranged and closed $21 million of A/B A/B Airborne
A/B Afterburner (jet engines)
A/B Air Blast
A/B Answerback
A/B Auto-brake
A/B Air Bus
A/B Afterburning
 structure financing on behalf of a New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 City-based investor from a "one-stop-shop" portfolio lender at 88% of total cost for "Kettering Tower," the tallest and largest building in Dayton, Ohio.

"The high leverage, floating rate, Libor-based financing enables the client to enact a business plan of aggressive leasing and cost saving strategies to create value and maximize net cash flow during the first few years of ownership," explained Carlton chairman Howard L. Michaels in making the announcement.

Kettering Tower, a 30-story, class A, steel and glass structure, whose classic Manhattan style is the focal point focal point
n.
See focus.
 of the Dayton skyline, is located in the heart of the city's central business district. The building consists of approximately 461,268 s/f and its tenancy includes Banc One, Merrill Lynch, Legg Mason and Robbins & Myers.
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:May 18, 2005
Words:150
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