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$12M refinance loan deal.


Keith Braddish, managing director, along with vice president Jason Gaccione, both of CBRE's Capital Markets group in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 have secured a $12.122 million loan on behalf of Danbrook Realty to facilitate the refinancing of Mallory Brook Plaza and Lincoln Plaza Lincoln Plaza is a 45 story high-rise in downtown Dallas. The building rises to a height of 579 feet (176 m) and was completed in 1982. Currently, it is the 14th tallest building in the city. . The loan, financed by RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers
Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
  • Canada: RBC Dominion Securities Inc
, was structured with two years interest-only on a 6.87% fixed-rate ten year term with 30 year amortization.

The assets, which are considered neighborhood retail malls total 187,416 s/f. Both establishments are in close driving proximity to major Connecticut cities--Mallory Brook Plaza, is 20 miles from Hartford and Lincoln Plaza, is 20 miles away from New Haven New Haven, city (1990 pop. 130,474), New Haven co., S Conn., a port of entry where the Quinnipiac and other small rivers enter Long Island Sound; inc. 1784. Firearms and ammunition, clocks and watches, tools, rubber and paper products, and textiles are among the many . The cumulative weighted average tenancy of the malls was 96.4% at closing and included such national tenants as Rent-a-Car. Sears, Radio Shack and Curves Fitness Center.
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Article Type:Brief article
Geographic Code:1USA
Date:Dec 12, 2007
Words:136
Previous Article:GCP Capital Group LLC.
Next Article:Lenders to implement loan-level price adjustments.
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