 |
| Deerfield Plaza, 12700 South Orange Blossom Trail, Orlando, FL |
New York, NY, March 7,
2016 – Meridian Capital Group, America’s most active debt broker, arranged $18
million in CMBS financing for the refinance of Deerfield Plaza, a shopping center located in Orlando, FL on behalf
of Blue Sphere.
 |
| Tal Bar-Or |
The 10-year loan, provided
by a CMBS lender, features a competitive fixed-rate and four years of
interest-only payments. This transaction was negotiated by Meridian Managing
Director, Tal Bar-Or, who is based
in the Company’s New York City headquarters.
Deerfield Plaza is located
at 12700 South Orange Blossom Trail and totals 106,292 square feet. The
property features a Wendy’s restaurant and is anchored by LA Fitness on a
long-term lease through 2026.
Deerfield Plaza is conveniently located within
walking distance of a Wal-Mart, Chipotle, Panera Bread and Dollar Tree, all of
which increase traffic flow to the shopping center. The property has seen a
tremendous increase in occupancy over the last two years and is currently 95%
leased.
“We are proud to have been
chosen again by Blue Sphere to represent them on this important financing
transaction,” said Mr. Bar-Or. “After evaluating several options and by working
in tandem with the lender, we were able to structure a 10-year loan with four
years of interest-only payments and a creative reserve structure.
“The execution here speaks
to the quality of the sponsorship, property and relationship with the lender,”
he added.
For a complete copy of the company’s news release,
please contact:
Jonathan Stern
Meridian Capital Group
212/972-3600
No comments:
Post a Comment