Washington, D.C., February 16, 2005: Richmond-based John B. Levy & Company, Inc. is pleased to announce the completion of permanent long-term financing for Mayfaire Town Center, a new retail project in Wilmington, NC. The $52,000,000 transaction was priced very aggressively at a fixed-rate below 6%, with a 10-year term that amortizes over 30 years, a portion of which is interest only. RBS Greenwich Capital is the lender.
“This financing was extremely complex and included a forward commitment and a portion that is interest only on a project that is not yet fully stabilized,” said John B.
Richmond, VA – December 8, 2004 – Richmond-based John B. Levy & Company, Inc. is pleased to announce today a $25,000,000 commitment by New York Life or an institutional lender to provide permanent takeout financing on behalf of Lodge, LLC a limited liability partnership. The financing is for the Lodge at Hunton Park, a new luxury apartment community in Richmond, Virginia. The property will be financed with a permanent mortgage having a 10-20 year terms that amortizes over 30 years,