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26

Newly Developed Retail Center Lands $13M Loan

By Tony Seruga

Meridian Managing Director Noam Kaminetzky arranged the financing on behalf of the owner, an entity affiliated with Miami-based Midtown Realty.

Meridian Capital Group negotiated $12.5 million in acquisition financing for the recently developed retail component of Plantation Pointe. The shopping center is part of an office park located at the southeast corner of University Drive and Sunrise Boulevard in Plantation, Fla.

The 11-year loan features a fixed rate of 3.87 percent and was originated by a national life insurance company. According to public records, Transamerica Premier Life Insurance Co., an affiliate of AEGON USA Realty Advisors, provided the mortgage scheduled to mature in September 2028…

Newly Developed Retail Center Lands $13M Loan

Categories : Finance

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