Sources of Financing
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Sources of Financing

Wachovia Securities (713-278-4311) closed $4.48 million in financing for Waynesboro Marketplace in Waynesboro, PA. The 10-year loan has a rate of 7.25% with a DSCR of 1.23 and 25-year amortization.

Florida Bond & Mortgage, Inc. (727-898-6500) arranged a $3 million permanent first mortgage loan on the 31,000 sq.ft. Oak Ramble Shopping Center at 14905 Bruce B. Downs Boulevard in Tampa, FL. The financing was provided by Principal Life Insurance Co.

L.J. Melody & Co. (813-209-0008) arranged $13 million in financing for the Shenandoah Square shopping center in Davie, FL. The 120,000 sq.ft. center is anchored by Publix. Salomon provided the financing to Ramco/Shenandoah, LLC.

Edward T. Byrd & Co. (407-206-8103) closed permanent financing on the 60,000 sq.ft. Collegiate Village Square strip center in Orlando, FL. The company also closed a permanent mortgage loan of $550,000 for the acquisition of the Wingate Retail Center on South Orange Blossom Trail in Orlando. Lincoln Direct Life Insurance Co. provided the loan for the Wingate Retail Center.