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Situation/Challenges
  • Limited seasoning.
  • Recently stabilized grocery and drug anchored retail center.
  • Pandemic related retail and store closure issues.
  • Secondary market.
  • Borrower concerned with rising interest rates.
Solutions/Highlights
  • New 20 year drug store lease.
  • High percentage of national and credit tenants.
  • 100% leased at close.
  • Provided interest rate lock upon signing of term sheet.