$2,900,000 Retail Loan from Credit Union
Loan amount: $2,900,000
Lender type: Credit Union
Property type: Retail
Size: 14,820 SF
David Sarnoff of PSRS arranged the $2.9 million refinance of a Walgreens retail store. The subject property is a single-tenant, net-leased Walgreens located approximately 18 miles southeast of Indianapolis, IN. Financed with credit union execution, PSRS provided its borrower with a seven-year loan term with a 30-year amortization and no prepayment penalty at a very competitive rate.