CMBS loan for two shopping centers

Keene, NH & Harrisburg
,
PA
10-year fixed CMBS loan
Amount: $
19400000
Interest Rate: 
5.19
%

This CMBS loan was originated with Starwood Mortgage Capital, financing two retail properties: The Shoppes at Susquehanna (Harrisburg, PA) and Center at Colony Mill (Keene, NH). StackSource Capital Advisor Justin Wolk negotiated the transaction, successfully navigating a complex ground-lease negotiation that closed concurrently. The total transaction value exceeded $40MM.

“If our lending partner did not have a strong understanding of ground lease dynamics and the patience to structure this transaction correctly with us, I think it would have been extremely difficult to get done,” Wolk shared.