Non-recourse fixed-rate Loan for the take-out of rehab bank loan for retail

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Hospitality icon
Grocery Anchored Shopping Center
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Life Insurance Company
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Vero Beach, Florida
35 Vero Mall

Refinancing of Bank Rehab Loan with Non-recourse Loan

Steve Mench arranged the 10-year non-recourse permanent loan for the refinancing of the recourse acquisition/rehab bank loan. The investors converted an enclosed mall into a traditional grocery anchored shopping center. The new loan provided a long-term fixed rate and no personal guarantees.

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