Sources Of Financing
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Sources Of Financing

Ackman-Ziff Real Estate Group, LLC (212-697-3333) arranged a 100% non-recourse first mortgage, mezzanine loan and joint venture equity investment on behalf of Torrington Improvements, LLC for the acquisition of Torrington Commons Shopping Center located in Torrington, CT. The 129,000 sq.ft. supermarket-anchored center is exclusively managed by DLC Management Corp.

Prudential Mortgage Capital Co. (888-263-6800) offers the following financing: capital markets with permanent fixed rate financing from $30 million and up; general account with permanent fixed rate financing for anchored retail, as well as rate lock at application, forward commitments, earnouts, holdbacks, interest only periods, yield maintenance, structured pre-payment options and non-recourse.

Continental Real Estate Cos. (305-854-7342) refinanced Deerwood Village Mall, a 72,000 sq.ft. center located on Baymeadows Road in Jacksonville, FL. The financing was for $7 million at a 10-year, fixed-rate on behalf of Deerwood Village Mall, LC.