The Atlantic Northeast office of U.S. Realty Capital successfully brokered an $8 million permanent mortgage for Patriot's Park, a 26,000 s/f retail plaza. The plaza is comprised of multiple buildings with inline units and pad sites. The tenant roster includes McDonalds, HSBC Bank, Walgreens, Sleepy's and Sprint.
Patriot's Park is located in the town of Wappingers Falls and has two signalized intersections on Rte. 9, a major commercial corridor in Dutchess County. The permanent loan features a twenty-five year term with a five-year fixed interest rate of 5.18%. Rob Pisanelli of U.S. Realty Capital structured the loan on behalf of the borrower.
U.S. Realty Capital is a national mortgage banking company with ten offices across the country. Providing creative capital solutions for commercial real estate owners and developers throughout the United States, U.S. Realty Capital has originated over $4.5 billion of debt and equity for their clients since 2005. Through their collective knowledge and industry experience U.S. Realty Capital provides comprehensive project analysis and competitive solutions for the unique needs of each client and project. Tags: