|
Sources of Financing
|
|
| Sources of Financing Dockerty Romer & Co. arranged $8.1 million in bridge financing for The Villaggio Plaza, a 50,000 sq.ft. retail/office building located on State Road 434 in Winter Springs, FL that is 50% leased. BRI 1813 Villaggio, LLC acquired the site. The bridge loan has a 24-year term. For more information, contact Bob Dockerty or Jamen Lachs, Dockerty Romer & Co., 70 Southeast 4th Avenue, Delray Beach, FL 33483; 561-330-8000, Fax 561-330-8001; Email: drc@dockertyromer.com; Web site: www.dockertyromer.com. Johnson Capital’s Phoenix, AZ office arranged $3.125 million in acquisition financing for Frys Superstition Springs Shopping Center, a 13,197 sq.ft. center in Mesa, AZ that is shadow-anchored Fry’s Food & Drug Store. The loan covered 80% of the acquisition price and bears a fixed interest rate of 5.92% with interest-only payments for the term. Located at the intersection of Baseline Road and Power Road, the center is 100% leased to six tenants. Financing was provided by Goldman Sachs. For more information, contact Don Burnes, Johnson Capital, 5080 North 40th Street, Suite 300, Phoenix, AZ 85018; 602-522-0073, Fax 602-957-1113; Email: donburnes@johnsoncapital.com. |