W.P. Carey's $54m eye opener.W. P. Carey & Co. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control originated and structured a $54 million first mortgage loan for affiliates of Rosemont, Illinois Rosemont is a village in Cook County, Illinois, founded in 1956. The population was 4,224 at the 2000 census. Geography Rosemont is located at (41.990730, -87.873816)GR1. based Reyes Holdings, L.L.C., one of the largest privately held food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. distributors in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The mortgage is secured by a beer distribution facility and three cold storage facilities operated by subsidiaries of Reyes Holdings L.L.C. W. E Carey retained the $12.8 million subordinated "B-Note" position in the mortgage, while the $41.2 million senior position was purchased by another firm. The 10-year fixed rate first mortgage loan is secured by a beer distribution facility in Gardena, California and three cold storage facilities located in Rogers, Minnesota, Mt. Pleasant, Pennsylvania and Oak Creek, Wisconsin Oak Creek is a city in Milwaukee County, Wisconsin, United States. The population was 28,456 at the 2000 census. Unlike many other Wisconsin place names, "Creek" is pronounced as rhyming with "seek", not "sick". , totaling 837,000 square feet. The transaction was completed on behalf of Corporate Property Associates 16--Global Incorporated, a member of the $7 billion W. P. Carey Group of income generating, publicly held, non-traded real estate investment trusts (REITs). Teddy Kaplan, Vice President of W. P. Carey, said, "This transaction reflects our continued efforts to structure unique financing solutions for high quality companies seeking to maximize the capital embedded in their real estate assets. "We are pleased with its successful completion and anticipate similar transactions in the future as more companies learn about W. P. Carey's broadening finance capabilities." |
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