Search
 

Legg Mason Arranges $4.7 Mil in Financing

ALBANY, NY-Legg Mason Real Estate Services has arranged two mortgage loans in Albany and in the Rochester area totaling $4.7 million in financing. One property is industrial and the second is retail.

By John Jordan | Updated on March 14, 2001

ALBANY, NY-In deals involving industrial real estate and financing for a Staples store, Legg Mason Real Estate Services has recently arranged mortgage loans in New York State valued at nearly $5 million. The first deal was for an industrial park and the second for a Staples store.

The firm’s Albany regional office arranged a $3.15 million first mortgage loan for Access Park, an 80,00 sf industrial park located at 2,4,6 and 8 Access Road and 73 Karner Road in Albany. Through its relationship with Berkshire Life Insurance Company, Legg Mason arranged financing for borrower Schuyler Real Estate. Financing was based on a 25-year term, with a 25-year amortization schedule.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.