Construction Maison

The following discussion of our financial condition and results of operations should be read in conjunction with the financial statements and notes thereto and other financial information included elsewhere in this report. Certain statements contained in this report, including, without limitation, statements containing the words "believes," "anticipates," "expects" and words of similar import, constitute "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks and uncertainties. Our actual results may differ materially from those anticipated in these forward-looking statements as a result of certain factors, including our ability to create, sustain, manage or forecast our growth; our ability to attract and retain key personnel ; changes in our business strategy or development plans; competition; business disruptions; adverse publici...

NEW YORK, NY -  Centerline Capital Group (“Centerline”), a provider of real estate financial and asset management services for affordable and conventional multifamily housing , and a subsidiary of Centerline Holding Company (OTC: CLNH), announced today it has provided an $11. 4 MM Fannie Mae DUS Choice refinancing for the Woodchase Apartments in St. Louis, Missouri. Woodchase Apartments is a garden style multifamily facility that was built in 1984 and comprises 17 two- and three- story residential buildings , and one single-story office/clubhouse.  The property consists of a total of 186 units, and the unit mix is made up of 92 one-bedroom and 48 two- bedroom apartments , and 18 one-bedroom and 28 two- bedroom townhome units .  The loan is a 10- year fixed rate facility with a 30- year amortization period . The portfolio was refinanced to secure a new low interest rate . Centerline is one of the nation’s leading Mortgage Banking institutions in the multif...

Victoria Park Apartments orlando" src="https://media.atre.yardi.com/2/25955/images/orlando.jpg?w=300&h=199" alt="" width="300" height="199" />NorthMarq arranged a $36.3 million refinance for Victoria Park Apartments in Metro Orlando through its relationship with a CMBS lender. The refinance was structured with a 10-year term and three-year interest-only period with a 30- year amortization schedule . Senior Vice President/Senior Director David Schofield and Senior Vice President/Managing Director Melissa Marcolini Quinn of NorthMarq Capital ’s Orlando based regional office negotiated the transaction. Quinn is pleased with Victoria Park ’s efforts on maximizing revenue at the property which enabled NorthMarq to obtain maximum proceeds . “Due to the small amount of vacation rentals at the property, this transaction was not a fit for the agencies, but a great fit for the CMBS market,” she added. Victoria Park Apartments is a 348-un...