BWE, a leading national commercial and multifamily mortgage banking firm, has announced the successful financing of two prominent shopping centers in the Southeast region. The company secured a $6 million loan to refinance Palm Beach Commons, a multi-tenant retail center located in West Palm Beach.
In addition to this, BWE also secured a $10 million loan for Publix at Merganser Commons – an established shopping center anchored by Publix in LaGrange, Georgia. This financing was facilitated by Daniel Rosenberg – Executive Vice President at BWE’s Boca Raton and Chicago offices – along with Logan Petersmeyer – Senior Analyst at BWE’s Chicago office.
Palm Beach Commons boasts 70,000 square feet of retail space with Family Dollar as its anchor tenant. The $6 million loan offers full-term interest-only payments which will enable the borrower to pay off their existing debt while securing a fixed interest rate. On the other hand,Publix at Merganser Commons is newly constructed and spans over 46,791 square feet. The 10-year loan provides competitive interest rates along with full-term interest-only payments.
This recent development marks another milestone for BWE as it continues to expand its portfolio across various regions within the country.
