The loan is self-liquidating, carrying a term of 15 years and an amortization schedule of 15 years as well. The source of the financing was not disclosed.
Located on a 2.11-acre site, the building was developed in 1988 and underwent an extensive renovation in 1997. It is currently 100% leased to five tenants, with Morgan Stanley Dean Witter occupying the largest space. The other tenants are Michael E. Marion & Associates, Northport Partnership Group, Conti Enterprises Inc./Venquest Inc., Aventis Research & Tech Ventures and Axiva US.
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