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Brokerage
Posted: July 16, 2012
Pisanelli of US Realty Capital structures $11.325 million retail loan
US Realty Capital has brokered an $11.325 million permanent loan for a 78,000 s/f neighborhood shopping center. The retail center is located on Rte. 9 which is the major retail corridor in the area. Park Plaza is one of the main shopping centers in the area and the property has experienced a near 100% occupancy for the past two decades.
The 10-year non-recourse loan has a sub-5% fixed interest rate with a 30 year amortization schedule. Rob Pisanelli of US Realty Capital structured the deal.
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 country, U.S. Realty Capital has originated over $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.
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