 |
|
Home | Terrace Capital, Inc. Announces- $8MM Non-Recourse Commercial Mortgage- Class A Office - Brooklyn, NY |
 |
Terrace Capital, Inc. Announces- $8MM Non-Recourse Commercial Mortgage- Class A Office - Brooklyn, NY
|
 |
- May 30, 2013
-
The proceeds of this $8MM, 75% loan-to-value mortgage was used by the borrower, 1733 Sheepshead Bay, LLC, for the repayment of existing debt and equity for the development of several new projects in Brooklyn.
The non-recourse, mortgage had a 10 year fixed term and a 30 year amortization schedule. The project sponsors look forward to continuing their notable track record of developing Class A multifamily and office properties in Brooklyn.
The project, a Class A, 30,000 s.f. office complex, is locate...
- Read more at:http://www.1888pressrelease.com/terrace-capital-inc-announces-8mm-non-recourse-commercia-pr-473707.html
|
 |
|
 |
|
 |
