Kecoughtan Shoppin Center

Transaction description

Trevor Blood of PSRS arranged the $4.2 million refinance of a grocery-anchored shopping center in Hampton, Virginia. The subject property is a 69,926 SF neighborhood shopping center anchored by Food Lion and Dollar Tree. The center was constructed in 1994 and is situated on 6.94 acres. The site is situated in the densely populated and established Wythe section of Hampton, Virginia. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a 25-year, limited recourse loan.