Courtyard Shopping Center
$15M Retail Loan from Life Insurance Company
This anchored shopping center was developed in 1993 by a Texas developer who sold it to the borrower upon completion.
The center is anchored by three “anchor” retailers, namely SMART & FINAL, STAPLES, and RITE AID; two of which have been there more than 10 years.
Our life correspondent came through with a 25/30 with 5 years Interest Only. Interest rate locked at 4.40%.