$3,800,000 Refinance of a Grocery-Anchored Shopping Center in Henderson, North Carolina.
City: Henderson, NC
Loan amount: $3,800,000
Lender type: Life Insurance Company
Property type: Retail
Size: 58,349 SF
Trevor Blood of PSRS arranged the $3.8 million refinance of a grocery-anchored shopping center in Henderson, North Carolina. The subject property is located 30 miles north of Raleigh and comprises 58,349 SF across two single-story buildings that were built in 1981 and 2003. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a 25-year, limited recourse loan.