$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
