Business Services Industry
Michael V. Coratolo & Associates, Inc
Real Estate Weekly, August 16, 2000
Michael V. Coratolo & Associates, Inc. represented by Saul M. Kobel has arranged a first mortgage of $2,350,000 for a 6-story walkup apartment building located on E. 9th St. between Avenues C & D in the East Village section of Manhattan. The building is in the process of being gut-renovated by the present owners, and the Bank is holding back 5% of the loan amount until it is at least 75% rented.
The mortgage was placed with a New York Bank at 8.25% Interest for a 17-year term at pAR with no points to the Bank.
COPYRIGHT 2000 Hagedorn Publication
COPYRIGHT 2008 Gale, Cengage Learning
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