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Brokerage
Posted: May 17, 2016
Deerwood Real Estate closes $15.5 million loan to finance 700,000 s/f mall acquisition and redevelopment
Pottstown, PA Deerwood Real Estate Capital closed a $15.5 million loan to finance the acquisition and redevelopment of a 700,000 s/f enclosed mall. Deerwood’s Abe Katz and Aaron Rosenfeld negotiated the terms of the deal.
The loan was structured with a construction facility to accommodate upgrades and repositioning. The loan was secured with a balance sheet lender, which gives the owner maximum flexibility. The client was extremely satisfied with the loan terms and the quick closing.
Deerwood Real Estate Capital is a commercial mortgage brokerage and advisory firm specializing in assisting clients in sourcing debt and equity. Focusing on all commercial real estate asset classes including multifamily, office, retail, industrial, hospitality, and healthcare, the firm stands apart from others in the industry through its commitment to customizing solutions and serving not just as brokers, but as advisors. The partners of Deerwood have a combined track record of successfully closing more than $25 billion in deals. Learn more at www.deerwoodcap.com.
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