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Colonial Group Ltd

Real Estate Weekly, Feb 7, 2001

Jerry Kaidanow, of Colonial Group Ltd. has placed a $1,650,000 first mortgage on an apartment building located at 656 W. 162nd St. in New York City.

The property is a six-story, 50-unit rental building, which was under contract of purchase to the new owners.

The fixed rate, $1,650,000 loan, which carries an interest rate of 6.78%, runs for eight years and gives the borrower an option to renew the loan for an additional five years.

COPYRIGHT 2001 Hagedorn Publication
COPYRIGHT 2008 Gale, Cengage Learning
 

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