SOLOMONS, MD-A mortgage refinancing package totaling nearly $8 million has been put in place for Solomons Towne Center, a 107,000-sf shopping center with 80,000 sf of leasable space on the Chesapeake Bay in Calvert County.

Commercial real estate financial servicing firm Walker & Dunlop orchestrated the deal on behalf of the property owner who prefers to remain anonymous. “The refinancing was for a construction debt,” Walker & Dunlop tells “The interest rates being as low as they are were was convenient as well.”

Located on a 10-acre parcel off Route 2 and Route 4, Solomons Towne Center was developed in 1997–after a long delay caused by wetlands issues. The retail site is anchored by a Food Lion grocery store and is also home to a CVS, real estate company Century 21, and Papa John’s Pizza, and Subway.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.