$5,555,000 – Cash Out Refi- Dibbs Plaza Shopping Center, Tampa, Florida

$5,555,000, Cash Out Refinance

3.67% fixed

7 year fixed rate loan

20 year amortization

No Prepayment Penalty

No escrows

No Reserves

No Covid-19 holdback

An 85,000 SF non-anchored retail center, currently 67% occupied. Tenants are primarily local, with several new tenants under LOI for some of the vacant space. Client wanted a long term fixed rate loan with no prepayment penalty. 

Closed by Dan Bockstoce & Michael Brown