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Palisades Financial has provided a $1.7 million first mortgage to Red Rock Land Development.


Palisades Palisades, cliffs along the west bank of the Hudson River, NE N.J. and SE N.Y., extending from N of Jersey City, N.J., to the vicinity of Piermont, N.Y., with a general altitude of from 350 ft to 550 ft (107–168 m).  Financial has provided a $1.7 million first mortgage to Red Rock Land Development. The proceeds of the loans were used for repayment of debt owed on three, industrial properties located at 1000 Page Ave AVE Avenue
AVE Average
AVE Alta Velocidad Espanola (train between Madrid and Seville)
AVE Alta Velocidad EspaƱola (Spanish: High Speed Train)
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. in Lyndhurst Lyndhurst, city (1990 pop. 15,982), Cuyahoga co., NE Ohio; inc. 1917. It is a residential suburb of Cleveland. , N.J.

Totaling 42,790 s/f, the buildings are located on a 3.6-acre land parcel. The loan will also be used for property improvements. Mark Zurlini, principal of Palisades Financial, was responsible for this transaction.
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Date:Feb 15, 2006
Words:75
Previous Article:Madison Realty Capital.(FINANCE)
Next Article:Fremont Investment & Loan has provided a $93 million loan to an affiliate of Clark Enterprises and Brophy Properties for the refinancing.(FINANCE)
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