Business Services Industry
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.
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