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Sources Of Financing
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Sources Of Financing Live Oak Capital, Ltd. (713-993-1333) arranged permanent financing for Southside Plaza, an 18,172 sq.ft. center located at the intersection of Bellaire and Academy in Houston, TX. The center has three separate buildings and sits on a land area of 1.56 acres. The $2.7 million loan has a 10-year maturity and an amortization of 25 years.
GMAC Commercial Mortgage Corp. (215-328-3383) provided $26 million in fixed-rate financing for The Village at Newtown, a 175,478 sq.ft. center located in Newtown, PA. The center is anchored by Genuardi’s and Eckerd. The property is situated on a land area of 24.07 acres on South Eagle Road.
Northmarq Capital (972-788-3421) arranged $116.5 million in bridge financing for a 25-property portfolio of shopping centers located throughout 11 states totaling 2.3 million sq.ft.
L.J. Melody & Co. (305-381-6424) arranged permanent financing of $29.3 million for Tamarac Plaza, a 355,269 sq.ft. mixed-use center located in Denver, CO.
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