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Part 5: Making room for our home’s hiding places

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As we put the finishing touches on the plans for our home, our dreams of dinner parties in the finished open kitchen , of repurposed original sconces and refurbished original details , gave way to a less sexy obsession. The mop, the vacuum, our winter coats, the laundry. Specifically: Where would they all go and how could we banish them from sight? In the New York prewar apartments we’d lived in for years, closets were strictly optional and washer-dryers were nonexistent. What made glossy interior photos appealing , I came to realize, was what you didn’t see, because it was tucked into a hidden closet or built-in cabinet. Renovating our house gave us a shot at discreet convenience. Entering the first-floor apartment, pre-renovation, meant coming face -to-face with a faux-wood- grained cabinet door —in actuality, a false front. It was an arguably clever way to bump out the bathroom on the other side to make room for a turquoise jacuzzi-shaped tub. Otto’s initial plan for the enlarged ...

Centerline Refinances Forest Ridge Apartments

NEW YORK, NY -  Centerline Capital Group (“Centerline”), a provider of real estate financial and asset management services for affordable and conventional multifamily housing , and a subsidiary of Centerline Holding Company (OTC: CLNH), announced today it has provided a $15. 5 MM Fannie Mae first mortgage to refinance Forest Ridge Apartments in Nashua, New Hampshire. Forest Ridge Apartments , located at 1B Hampshire Drive in Nashua, is a garden style multifamily facility built in tin two phases in 1969 and 1972.  The facility comprises 21 , two- and three-story buildings.  The property consists of a total of 370 units, and the unit mix includes 88 one bedroom-one bath units, 242 two bedroom-one bath units, 24 two bedroom-one bath townhouse units , and 16 three bedroom-two bath townhouse units . The loan is a 10- year fixed rate facility with a 30- year amortization period . The loan will be used to refinance the existing balance on the property.  Centerli...