Loan Type : Cash-Out Non-Recourse CMBS Loan
Loan : $17,000,000
A $17,000,000 cash out non-recourse CMBS loan for the refinance of a five-building medical office/retail center occupied by PNC Bank, CVS and St. Luke’s Hospital in Bethlehem, Pennsylvania. The loan carries an interest rate of 4.82% and was structured with a ten-year term and 30-year amortization with the first three years interest-only.