Parallel Capital.Parallel Capital, a leading national commercial real estate lender, recently closed a variety of retail, multi-family, office, industrial and health related/senior living mortgage loans. Robert S Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. . Schneiderman Schneiderman is a surname and may refer to:
This page or section lists people with the surname Schneiderman. , executive vice president, commented, "Parallel continues its commitment to serve commercial real estate borrowers funding both large and small loans everyday across a wide spectrum of property types. These loans reflect the geographic diversity of our lending activities." In retail, Parallel closed a loan in the amount of $7 million for 655 Merrick Merrick, uninc. city (1990 pop. 23,042), Nassau co., SE N.Y., on Long Island. Although chiefly residential, it has some light manufacturing. Avenue, a 58,198 square-foot retail property in Westbury Westbury, residential village (1990 pop. 13,060), Nassau co., SE N.Y., on Long Island; settled 1650, inc. 1932. The State Univ. of New York's Westbury campus is located in the village. Harness races are held at Roosevelt Raceway there. , NY. Written for a term of 10 years with a 30-year amortization, the loan delivers debt service coverage of 1.25 with an 8.03 percent interest rate and a loan-to-value of 71 percent. In the multi-family sector, Parallel closed a $520,000 loan for Barclay Barclay may refer to:
In the office sector, Parallel closed a loan in the amount of $4.05 million for 350 Centerpointe, a 43,250 square-foot office property in Williamsville, NY. Written for a term of 10 years with a 25-year amortization, the loan delivers debt service coverage of 1.29 with an 8.36 percent interest rate and a loan-to-value of 74 percent. In the health related/senior living sector, Parallel closed three deals in the 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 State, including a $4 million loan for the Golden Acres Home for Adults in Spring Valley. The loan was written for a term of 10 years with a two-year amortization and a loan to value of 66 percent. The loan carries an interest rate of 8.87 percent and delivers debt service coverage of 1.57. In the second transaction, in Poughkeepsie, NY, Parallel closed a $3.85 million loan for the Dutchess Manor Home for Adults. The loan was written for a term of 10 years with a 25-year amortization and a loan-to-value of 69 percent. The loan carries an interest rate of 8.87 percent and delivers debt service coverage of 1.57. In the third transaction, in Highland, NY, Parallel closed a $2.35 million loan for the Highland Assisted Living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. Facility at Village View. The loan was written for a term of 10 years with a 25 year amortization and a loan-to-value of 53 percent. The loan carries an interest rate of 8.87 percent and delivers debt service coverage of 1.54. |
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