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Sources of Financing
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| Sources of Financing David Cronheim Mortgage Corp. arranged $52.9 million in permanent financing for Northampton Crossings, a 621,860 sq.ft. regional power center located at the intersection of Route 248 and Route 33 in Easton, PA. The 10-year loan features an interest-only period of three years and an interest rate of 5.64%. The center is anchored by Wal*Mart Supercenter, Sam’s Club and Kohl’s. Cotenants include Sears Hardware, Redner’s Markets, Regal Cinemas, Starbucks, Blockbuster Video and Catherines. For more information, contact Andrew Stewart, David Cronheim
Mortgage Corp., 205 Main Street, Chatham, NJ 07928; 973-635-6800, Fax
973-635-6091; Marabella Commercial Finance arranged a $500,000 loan for the acquisition of a Family Dollar store. The 10-year loan carries an interest rate of 6.36%. The company specializes in transactions concerning Family Dollar or Dollar General store locations as well as other net lease transactions. For more information, contact Marabella Commercial Finance; 760-479-0800; |