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Parallel Capital.


Parallel Capital recently closed a variety of retail, multi-family, office and manufactured home community mortgage loans, according to according to
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1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

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 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, executive vice president.

In Huntington Station Huntington Station, uninc. town (1990 pop. 28,247), Suffolk co., SE N.Y., on the north shore of Long Island. The town has a diverse manufacturing base and is located near a popular vacation and fishing area on Long Island's north shore. , NY, Parallel closed a loan in the amount of $550,000 for 2077-2089 New York Avenue The following roads are named New York Avenue:
  • New York Avenue (Washington, D.C.)
  • New York Ave-Florida Ave-Gallaudet U (Washington Metro)
  • New York Avenue (Brooklyn)
  • New York Avenue in Queens, now Guy R.
, a 9,940 square-foot retail property. The loan delivers debt service coverage of 1.34 with an 8.87 percent interest rate and a loan-to-value of 61 percent. The loan was written for a term of 10 years with a 25-year amortization. The strip center was built in 1959.

Parallel closed a loan in the amount of $355,000 for the South Main Street Apartments in Cheshire, CT. The loan was written for a term of 10 years with a 25-year amortization. The loan delivers debt service coverage of 1.28 with a 8.34 percent interest rate and a loan-to-value of 78 percent. The seven-unit multi-family property was built in 1900 and was renovated in 1988.

In New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
, Parallel closed a loan in the amount of $3 million for 43 West 47th Street, an office property Written for a term of 10 years with a 25-year amortization, the loan delivers debt service coverage of 1.34 with a 8.34 percent interest rate and a loan-to-value of 73 percent. The 11,000 square-foot office property was built in 1890 and renovated in 1999.

In Gates, NY, Parallel closed a loan in the amount of $2.3 million for 75 Bermar Park, a 48,000 square-foot office property built in 1998. The loan, which carries an interest rate of 8.45 percent, delivers debt service coverage of 1.27 and a loan-to-value of 67 percent. The loan was written for a term of 10 years with a 25-year amortization.

Parallel also closed a loan in the amount of $1 million for Palazzolo Plaza, an office property in Greenburgh, NY The loan delivers debt service coverage of 1.27 with an 8.48 percent interest rate and a loan-to-value of 63 percent. The loan was written for a term of 10 years with a 30-year amortization. The 12,000 square-foot office property was built in 1987.

Parallel closed a loan in the amount of $1 million for Airport Business Park, an office property in Fairfield, CT. The loan, which carries an interest rate of 8.72 percent, was written for a term of 10 years with a 25-year amortization, and delivers debt service coverage of 1.31 and a loan-to-value of 65 percent. The 24,851 square-foot office property was built in 1988.

Klein Klein , Melanie 1882-1960.

Austrian-born British psychoanalyst who first introduced play therapy and was the first to use psychoanalysis to treat young children.
 Bank Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 has arranged financing in the amount of $1.2 million on a five-story walk-up apartment building in the Washington Heights section of Manhattan. The property contains 62 units.

The loan closed with an interest rate of 6.87 percent and was for 17 years. It closed with a major 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
 area lender.
COPYRIGHT 1999 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Geographic Code:1U2NY
Date:Nov 17, 1999
Words:484
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