Southern Center Associates Secures $2M Refinancing

MIAMI-Southern Center Associates I, LP has secured a loan worth $2,100,000 to refinance the loan on its 24,000-square-foot office building located at 1500 Cordova Road in Fort Lauderdale.

By GlobeSt News Hub | April 18, 2011 at 01:01 AM

MIAMI-Southern Center Associates I, LP has secured a loan worth $2,100,000 to refinance the loan on its 24,000-square-foot office building located at 1500 Cordova Road in Fort Lauderdale. Thomas D. Wood and Company, a member of Strategic Alliance Mortgage LLC, has arranged the loan through its correspondent banking relationship with Southern Farm Bureau Life.

The 10-year loan with an amortization period of 25 years has a fixed interest rate of 5.15%.For the full story, go to Florida Real Estate Journal.

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