### BWE Secures $20 Million to Finance Retail Centers in Chicago and Asheville
BWE has secured $20 million in financing for two retail centers: Mayfair Plaza in Chicago and River Ridge Marketplace in Asheville, North Carolina.
Ryan Morris, vice president in BWE’s Chicago office, arranged an $8 million loan with a five-year term and a 30-year amortization period to refinance Mayfair Plaza. Meanwhile, Jim Collins, executive vice president in the firm’s Knoxville office, secured a $12 million loan with a 20-year term and a 20-year amortization period for River Ridge Marketplace.
Mayfair Plaza is a three-building, 28,771-square-foot retail strip center that was fully leased at the time of loan closing. Located at 4830-4840 N. Pulaski Road in Chicago, its tenant mix includes national chains such as Starbucks and T-Mobile, as well as a dentist’s office and popular local restaurant chains.
River Ridge Marketplace spans 229,662 square feet and features a range of national retailers, including Gabe’s, Rugged Warehouse, and Ace Hardware.
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