Means and Mitchell of iCap place $5.5m loan

Alfie Means and Bill Mitchell of iCap arranged a $5.5 million loan for the acquisition of a 20,930 s/f shopping center. The borrower received a fixed rate of 5.875% for a 10-year term with a 30-year amortization. The loan was arranged through one of iCap's life insurance company correspondents.