According to Daniel Monte, president of The Rose Hill Group of WNY LTD (RHG), the company has arranged $3.25 million in permanent financing for Webster Parc Retail Center. Thomas Grzebinski II, VP arranged the financing through a national financing source.
The 14,200 s/f development was constructed in FY07 and is fully occupied by seven retail tenants, including: Metro Mattress, AT&T, Aspen Dental, and Little Ceasars. The project enjoys high visibility along Rte. 404, a major thoroughfare. The borrower was undisclosed.
RHG's upstate correspondent life company lenders include AIG, Allstate Life Insurance Company, American Equities, CUNA Mutual / Members Capital, Delaware Investments (Jefferson Pilot), Genworth Financial, National Life of Vermont, Nationwide Life Insurance Co., Ohio National Financial Services, and Protective Life Corp. Tags: