SEVEN PROPERTY RETAIL

Details

Loan Type: Permanent Refinance
Loan:$4,000,000

This loan was a refinance of a retail portfolio consisting of seven retail properties located in Pennsylvania and New Jersey. The loan features a 4.04% rate with a five-year term and a 20-year amortization. The refinance was underwritten at 70% loan-to-value and the properties are cross-collateralized.

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