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Legg Mason's Purchase Office Arranges Loans at Two Properties in NYC

PURCHASE, NY-Legg Mason Real Estate Services' Purchase and New York City regional offices have arranged loans totaling $2.3 million for 9 and 12 St. Mark's Place in Manhattan.

By John Jordan | Updated on December 06, 2000

PURCHASE, NY-Two properties in Manhattan have received a total of $2.3 million in first-mortgage financing. The funding was arranged by Legg Mason Real Estate Services’ Purchase and New York City regional offices.

The firm arranged a $1.2-million first mortgage for the ownership of 9 St. Mark’s Pl., a mixed-used commercial property comprised of retail and residential uses and totaling 12,840 sf. Financing for the borrower, 9 St. Mark’s Pl. MC, was arranged by Legg Mason through JP Morgan and involved floating rates on a three-year term.

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