Deerwood Real Estate Capital arranges two loans totaling $11.2 million

Deerwood Real Estate Capital has arranged two loans totaling $11.2 million. Deerwood secured $10 million in financing for a 132,400 s/f retail property, anchored by H Mart. Deerwood founding partner Abe Katz negotiated a fixed rate on a 20-year, self-amortizing loan, through a local N.J. bank. Also secured was a $1.2 million loan for a 32-unit multifamily property in Philadelphia, Pa. Deerwood's Jack Coopersmith negotiated a 4.75% interest rate on a five-year loan with 30-year amortization through a local bank. The property, located in the North Lawn section, was recently rehabbed and is subject to a HAP contract.