BWE, a leading national mortgage banking company specializing in commercial and multifamily properties, announced today the successful financing of two prominent shopping centers in the Southeast region. The firm secured a $6 million loan to refinance Palm Beach Commons, a thriving multi-tenant retail center located in West Palm Beach.
In addition to this achievement, BWE also secured an impressive $10 million loan for Publix at Merganser Commons – an established shopping center anchored by Publix supermarket in LaGrange, Georgia. Spearheading these deals were Daniel Rosenberg and Logan Petersmeyer from BWE’s Boca Raton and Chicago offices respectively.
Palm Beach Commons boasts 70,000 square feet of prime retail space with Family Dollar as its anchor tenant. With full-term interest-only payments on the $6 million loan package offered by BWE , the borrower was able to pay off their existing debt while securing a fixed interest rate for future stability. Meanwhile,Publix at Merganser Commons is newly constructed with 46,791 square feet dedicated solely to upscale shopping experiences.The competitive 10-year loan features full-term interest-only payments that are sure to benefit both parties involved.
This recent success further solidifies BWE’s reputation as one of the top players in commercial real estate financing nationwide.
