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Brokerage
Posted: January 11, 2010
Deerwood Real Estate finances two loans totaling $4.612 million
Deerwood Real Estate Capital has secured financing totaling $4.612 million. The deals include $3.9 million for a 112,000 s/f shopping center housing a Michael's and a Dollar Tree. The loan, arranged by managing partner Abe Katz, refinanced the expiring CMBS loan and features a five-year term with 25-year amortization.
A second $712,500 loan was negotiated for a 16-unit multifamily property located in Bethlehem. The loan was used to refinance the exiting bank loan and featured a five year term with a 30-year amortization. Deerwood managing partner David Rosenberg arranged the financing.
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