Newark, New Jersey - Commercial Loans news comes from New Jersey, the Garden State. Our information is on a Commercial Mortgage Loan for $202 Million. Commercial Mortgage Lenders have arranged financing for Regency Centers Corporation and Global Retail Investors, LLC. This Commercial Loan helped fund a joint venture between an affiliate of First Washington Realty and CalPERS.
Investment Property Portfolio Loans
This $202 million Commercial Loan is secured by a a national Investment Property Portfolio of 13 Retail Shopping Centers. Reports are that terms for this Commercial Loan are that it is a 10 year, fixed-rate loan. The Investment Property Portfolio includes 11 grocery anchored retail shopping centers, one grocery anchored community center and one community center. Two of three net lease properties are in the Philadelphia area. These Net Lease Properties which were financed were built around Genuardi’s grocery stores, with the other around Acme Markets. ACME Markets are across the Philadelphia to Reading Pennsylvania area.
Grocery Store Funding
The other portion of the Investment Property Portfolio financed is in northern Virginia. The Commercial Loan funded these Giant-Landover grocery stores. This portion of the Investment Property Portfolio forms the hub for two of three net lease properties, with the remaining by Shoppers Food Warehouse. Also King Soopers grocery store anchors two net lease properties in the Denver market. The remainder Investment Property Portfolio are Net Leased Properties in northern New Jersey, Minneapolis, Baltimore, Seattle (Washington), Boulder, Colorado.
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