Ready Capital National Bridge Team Closes Approximately $655 Million in 11 States in First Quarter of 2021
April 08, 2021 16:15 ET | Source: Ready Capital Ready Capital
NEW YORK, April 08, 2021 (GLOBE NEWSWIRE) Ready Capital’s National Bridge Originations Team announces the closing of acquisition, refinance, renovation and redevelopment loans for approximately $657 million in 11 states between January 2021 and March 2021.
In January, Ready Capital closed the financing for the acquisition and stabilization of an approximately 3,000 SF, Class A, retail property in the City Hall submarket of New York, NY. The Property was acquired 100% leased to a single-tenant. Ready Capital closed the $8.8MM, non-recourse, interest only, floating rate loan which features a 24-month term, one extension option, flexible prepayment, and is inclusive of a facility to provide future funding for tenant leasing costs and interest shortfalls.
LAâs light rail extension could help revitalize neighborhoods and improve air quality
This article was originally published by Christopher Carey on Cities Today, the leading news platform on urban mobility and innovation, reaching an international audience of city leaders. For the latest updates follow Cities Today on Twitter, Facebook, LinkedIn, Instagram, and YouTube, or sign up for Cities Today News.
The Federal Transit Administration (FTA) has granted the Los Angeles County Metropolitan Transportation Authority (Metro) a Record of Decision for its East San Fernando Valley light rail transit project, certifying that the scheme has satisfied federal guidelines for environmental analysis.
13571 Vaughn St. in San Fernando.
JocottBrands Inc., an independent developer and marketer of branded beauty and personal care products, has signed a 65,550-square-foot warehouse lease in the city of San Fernando.
The company will use the facility in Unit B at 13571 Vaughn St. to expand its current operations in Van Nuys. The site features 25-foot warehouse ceiling clearance and eight truck-high loading docks.
CBRE Group’s Greg Geraci, David Harding, Matt Dierckman and Billy Walk represented landlord Accord/PAC Members. A team at Lee & Associates represented tenant JocottBrands.
“Quality distribution space is hard to find in the East San Fernando Valley without going farther out to Valencia,” CBRE’s Geraci said in a statement. “The Vaughn Street property offers great clearance, true truck-high loading and a substantially better truck turning radius than most other properties in this size range. JocottBrands appreciated the functionality of the facility a
LA Councilmember introduces city s first Tiny Home Village for those battling homelessness
The City of Los Angeles plans to open its first
LOS ANGELES - The City of Los Angeles plans to open its first Tiny Home Village for those battling homelessness in North Hollywood in January.
The 64-square-foot units are able to house 75 homeless people with a bed, air conditioning and electricity. Mayor Eric Garcetti first announced the program in March.
Councilman Paul Krekorian, who represents the East San Fernando Valley region, says there are more than 700 homeless individuals living on the streets in his district. When we’re done with this project and the next two tiny cabin projects, as well as the hotel that we bought in this district for the homeless, we will have room for every single one of those 709 people and we will have that done by April of this year, Krekorian said.
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Hospitals’ Desperate Measures
With intensive care units in Southern California and the Central Valley lurching perilously close to full capacity, officials are turning to increasingly desperate measures to prevent the state’s
coronavirus surge from killing even more patients.
Hospitalizations are continuing to rise at unprecedented levels, and officials have limited options for boosting capacity. Among the tools: canceling scheduled surgeries; keeping critically ill patients in emergency rooms; sending ICU patients into step-down units earlier; training nurses from elsewhere in hospitals to help with intensive care; and increasing the numbers of patients an ICU nurse can care for.