Commercial real estate financial servicing firm Walker &Dunlop orchestrated the deal on behalf of the property owner whoprefers to remain anonymous. "The refinancing was for aconstruction debt," Walker & Dunlop tells GlobeSt.com. "Theinterest rates being as low as they are were was convenient aswell."
Located on a 10-acre parcel off Route 2 and Route 4, SolomonsTowne Center was developed in 1997--after a long delay caused bywetlands issues. The retail site is anchored by a Food Lion grocerystore and is also home to a CVS, real estate company Century 21,and Papa John's Pizza, and Subway.
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