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Sources Of Financing
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Sources Of Financing Cohen Financial (312-346-5680) secured $11.8 million in debt placements for the following two properties: Nelson Plaza, a 32,655 sq.ft. center located at the intersection of Route 30 and Nelson Road in New Lenox, IL. The company secured $4.2 million in debt placement for the borrower. Terms of the 10-year, non-recourse loan include an amortization of 30 years, 70% LTV and pricing based on the 10-year U.S. Treasury rate; and Southside Plaza, a 172,293 sq.ft. center anchored by Wal*Mart and Food Lion located at 3000 South Horner Boulevard in Sanford, NC. The company secured $7.6 million in debt placement for the borrower. Terms of the 10-year, non-recourse loan include an amortization of 25 years, 80% LTV and pricing based on the 10-year U.S. Treasury rate. Legg Mason Real Estate Services (813-223-3088) arranged first mortgage financing of $1.77 million for Ballentine Market Shopping Center, a 51,010 sq.ft. center, located in Ballentine, SC. The center is anchored by Food Lion and Dollar General. The term is for 10 years with an amortization of 30 years. |