Eastern Consolidated arranges $34m mortgage.
The building features 13,532 s/f of prime retail space on the first and second floors and 41 residential units.
According to Anton who said the property was on the market approximately a year ago, "Instead of selling the building, we arranged a more favorable transaction, enabling our client to retain control, yet monetize the increased value of the property. This was achieved through the mechanism of a participating first mortgage."
|Printer friendly Cite/link Email Feedback|
|Publication:||Real Estate Weekly|
|Date:||Jun 13, 2007|
|Previous Article:||Cronheim arranges four deals for local properties.|
|Next Article:||JLL inks $22m deal for Rockrose.|