JACKSONVILLE, FL-Grandbridge Real Estate Capital has closed $4,150,000 in first mortgage loan for Azalea Plaza, a retail center measuring 28,081 square feet in Ponte Vedra Beach. The company's Jacksonville office established the refinance transaction.
The 30-year amortization loan has a term of 10 years, based on a lending rate in the mid-5% range. The borrower selected the CMBS loan structure for various reasons including low fixed interest rate. For the full story, go to Florida Real Estate Journal .
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