$20,000,000 Construction Loan, Publix Anchored Retail Center, Miami, FL

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$20,000,000

Fixed Rate 3.75%

8 year term

Interest only during construction, then 25 year amortization

DETAILS:

Repeat Client

Tenants include: Publix, Marshalls, Five Below, Chipotle, Dunkin’ Donuts, Aspen Dental, Wells Fargo, Publix Liquor. This loan was quoted, processed and closed during Covid. While many lenders are not comfortable with retail currently, Banyan Commercial Capital was able to procure several interested lenders, with aggressive terms.

Closed by:

Dan Bockstoce – db@banyancc.com

Michael Brown – mb@banyancc.com