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Article: North American Capital Markets Secures Financing for the Gramercy Club at City Bella Project; Experienced Team Completes Financing With American Bank as Part of a $60 Million Co-Op Housing Project for Gramercy Corp. in Richfield, Minnesota.
- Article from:
- PR Newswire
- Article date:
- May 20, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS -- MINNEAPOLIS, May 20 /PRNewswire/ -- North American Capital Markets announced the completion of a $43,000,000 construction loan financing for the Gramercy Corporation of Minneapolis, Minnesota. The construction loan is part of the Gramercy Club at City Bella project that will develop a fifteen-story high rise that will include 144 cooperative housing units and 19,500 square feet of retail space on the street level of the project, which is located at the intersection of 66th Street and Lyndale Avenue in Richfield, Minnesota.
North American Capital Markets teamed up with American Bank of St. Paul to structure and secure financing for this large and ...