COLUMBIA, S.C.– Mark One Capital has arranged a $2.65 million loan to refinance Polo Plaza, (top left photo) a 58,024-square foot retail center in Columbia.
Geoffrey Harris, a senior director in the firm’s Phoenix office, and Farhan Kabani, an associate director in the firm’s Dallas office, arranged the financing for the property, which is located at 9810 Notch Rd.
“Financing for retail properties is becoming increasingly difficult to structure in today’s marketplace,” says Kabani. “However, Mark One Capital was able to close the transaction with very aggressive terms.”
Financing for Polo Plaza was provided by a commercial bank at a five-year fixed rate of 6 percent with a 25-year amortization schedule. The loan-to-value was 63 percent.
Press Contact: Kathy Molitor, Mark One Capital, (925) 953-1704
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