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Hypothec |
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Hy`poth´ec
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| On July 18, 2005 the REIT put in place a hypothecary loan of $18,000 on an industrial property located at 2000 Halpern, St. On July 18, 2005 the REIT put in place a hypothecary loan of $18,000 on an industrial property acquired in the second quarter of 2005 located at 2000 Halpern, St. The Purchase Price is financed by a hypothecary loan from Societe Financiere MCAP for an amount of thirteen million six hundred thousand dollars ($13,600,000), at the annual floating interest rate established on the bankers acceptances plus four hundred points per year. |
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