Park Lane Commons
2.79% fixed, 5/25, Non-recourse
StackSource recently sourced an acquisition loan for Park Lane Commons, a 27,638 square foot, multi-tenant medical office building located in Duluth, GA. The property is currently 98% occupied by various medical practices including Peachtree Orthopedics, Georgia Eye Physicians, Peachtree Children’s Dentistry and LabCorp among a few other smaller practices. The property sits directly across the street from an 81 bed Northside Hospital, who recently acquired the adjacent land for future expansion. Capital Advisor, Andrew Bouton, worked with a Pennsylvania based bank to secure a non-recourse, 70% LTV product. The loan came with a 2.79% fixed rate for 5 years based on a 25-year amortization schedule
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