Washington, DC – November 25, 2003 – Richmond-based John B. Levy & Company, Inc. is pleased to announce the placement of over $13,500,000 in financing for two projects in Virginia.
The first transaction is $7,200,000 in long-term permanent financing for multiple buildings in the Merrilee Business Center in Merrifield, Virginia. The financing, which was quite complex and included different terms for individual properties, was placed through one of John B. Levy & Company’s institutional correspondents on behalf of The McCue and McCue Limited Partnership.
(Richmond, VA – July 15, 2003) – Richmond-based John B. Levy & Company, Inc. is pleased to announce two placements of long-term permanent financing, one for $2,750,000 on behalf of RJN-NC, LLC secured by the newly constructed Hanes Square Shopping center located in Winston-Salem, North Carolina and $3,175,000 on behalf of JV Skyline Center, LLC, secured by the Skyline Center Office Building located in Orlando, Florida.
“The pricing and capital structure on these smaller transactions demonstrates that real estate is very attractive to the capital markets,” said John B,
Richmond, VA – June 6, 2003: Richmond-based John B. Levy & Company, Inc. is pleased to announce today a $21,000,000 forward commitment by a major pension fund to provide permanent takeout financing on behalf of New Apartments, LLC, whose sole managing member is JRJG, Inc. The financing provides for the development of the Estates at Horsepen, luxury townhouse apartments located in Richmond, Virginia. The property will be financed with a permanent mortgage having a 10-year term that amortizes over 25 years.
March 26, 2003: Richmond-based John B. Levy & Company, Inc. is pleased to announce it has secured $7 million in financing for the Haynes Chippenham Plaza, a community shopping Center located at Hull Street and Chippenham Parkway. This 245,000 square foot center is anchored by a Haynes Furniture Store showroom and several other smaller tenants, such as Duron Paint and Harbor Freight. Haynes Furniture Store, a regional furniture company with several locations in Richmond and Tidewater,
(Richmond, VA – February 13, 2003) – Richmond-based John B. Levy & Company, Inc. announced today the placement of $1,400,000 in preferred equity on behalf of a regional apartment owner. The placement facilitated the acquisition and ongoing rehabilitation of an apartment complex located in the Tidewater area of Virginia. The property was capitalized with preferred equity carrying a specified dividend and having a definitive term.
The apartments are located on a 10-acre site in the Tidewater area of Virginia.