Sentences with phrase «construction debt on the property»
Loan proceeds were used to replace construction debt on the property, which is managed by JAG Management Co..
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Our clients» confidence is founded in large part on our command of legal matters arising from the Bankruptcy and Insolvency Act, the Companies» Creditors Arrangement Act, the Farm Debt Mediation Act, and laws related to construction liens, mortgages, personal property, and commercial tenancies.
HOLLYWOOD, FL — Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced that its Debt & Equity Finance Group has arranged $ 19.2 million in financing for the construction of Sage Beach, a 24 - unit luxury oceanfront condominium development in Hollywood, Fla., on behalf of Property Markets Group.
Proceeds from the loans will be used to replace existing debt on the property and fund tenant improvements and leasing commissions as well as capital expenditures for the construction of a new parking garage and interior renovations.