Friday, August 27, 2010

Financing Arranged at Two CVS Stores

"Non-recourse permanent mortgages arranged for two CVS retail locations. One CVS is in Philadelphia, PA, at $6.4 million, and the other is in Swedesboro, NJ, at $3.45 million.

The Philadelphia loan is fixed for five years at a 6.2% interest rate with a 30-year amortization. The Swedesboro loan is fixed for 20 years at 6.25% with a 20-year amortization. The loans were financed at 70% loan to value."

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