Sources Of Financing
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Sources Of Financing


L.J. Melody & Co. (949-509-2100) arranged permanent financing of $14.8 million for Mandalay Village Marketplace, a 154,000 sq.ft. center located in Port Hueneme, CA. The 14-building center is 95% occupied. Tenants include Ralphs, Longs Drugs and Petco. The company also arranged financing of $16.76 million for Hooksett Commons, a 150,000 sq.ft. center located in Hooksett, NH. Tenants include Kohl’s, Staples, Target, BJ’s Wholesale Club and Home Depot.

Legg Mason Real Estate Services (215-496-3097) arranged first mortgage financing of $12.6 million for the Foodmart International Shopping Center, a 121,300 sq.ft. center located at 175 Central Avenue in Spring Valley, NY. Financing for the property was based on a 10-year term. Financing was arranged for the borrower by LMRES through its relationship with Sun Life Assurance Company of Canada. The company also arranged first mortgage financing of $3.08 million for a 10,908 sq.ft. Eckerd located in Trenton, NJ. Financing was based on a 10-year term with amortization of 25 years. Financing was arranged for the borrower, Trenton ECK, LLC by LMRES through it relationship with LaSalle Bank.