$28,700,000 Construction/Re-Positioning Loan, Publix Anchored Retail Center, Atlanta, GA

$28,700,000

Libor Floater

Bridge term through construction, build-out and stabilization

Interest only during construction, then 25 year amortization

DETAILS:

Repeat Client

Tenants include: Publix (to be built), TJ Maxx, Crunch Fitness, Rack Room Shoes, Home Goods, Ace Hardware, UPS, and many others. Several interested lenders in this property ranging from banks to life companies. Property is being re-positioned from a 1960s style center to state of the art, with new buildings and a new configuration.

Closed by:

Dan Bockstoce – db@banyancc.com

Michael Brown – mb@banyancc.com

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