BWE, a leading national commercial and multifamily mortgage banking company, recently announced the successful financing of two retail centers: Morganton Park South Phase II in Southern Pines, North Carolina and Freedom Plaza in Rome, New York.
Daniel Rosenberg and Logan Petersmeyer of BWE were able to secure a $24.25 million construction loan for Morganton Park South Phase II on behalf of Midland Atlantic Properties. Additionally, Alan Tapie secured an $8.03 million acquisition loan for Freedom Plaza on behalf of Octave Investment.
According to Rosenberg, “In today’s economic climate, retail investors require certainty and efficiency in order to close deals quickly.” With 197,397 square feet of leasable space featuring popular brands such as Grand Union,Dollar Tree,and Marshalls (with Hobby Lobby set to open soon),Freedom Plaza is well-positioned for success.
Morganton Park South Phase II is part of Midland Atlantic Properties’ thriving retail development portfolio,and has already achieved full pre-leasing status with the highly-anticipated additionof BJ’s Wholesale Club -the first one in the area -setto open its doors soon.
This recent accomplishment by BWE further solidifies their reputation as experts within the industry who are dedicatedto providing top-notch serviceand securing optimal resultsfor their clientsin all market conditions.
