Loan Type : Permanent Refinance
Loan : $7,250,000
A $7,250,000 permanent refinance of a newly renovated 38,234 square foot retail center located in Philadelphia, Pennsylvania. The cash out CMBS loan features a ten-year term with three years interest only followed by a 30-year amortization. The interest rate was 4.19%, and the loan was underwritten at 75% loan-to-value.