Barry Slatt Mortgage President, Daniel Friedeberg along with team members Kelvin Lam and Marina Elias recently closed a $6.3m bridge loan on the acquisition of a grocery anchored shopping center in Canton, Ga.
The 3 year loan had 2 years of interest only and a flexible prepayment penalty. The loan was placed with one of Barry Slatt Mortgage Co’s correspondent lenders.
|PROPERTY||LENDER TYPE||TRANSACTION TYPE||LOAN AMOUNT||PRODUCER|
|Newark Square Shopping Center||Life Insurance Company||Purchase||$7,500,000||Gregory Gray|