2007 Transactions
Tremont Structures $11,440,000 Financing for North Carolina Retail
The Hartford and Boston offices of Tremont Realty Capital arranged financing for the acquisition of Battleground Plaza, a 146,000 square foot shopping center located in Greensboro, NC.
Stephen Henderson, a Senior Director with David Ross, a Managing Director at Tremont, arranged the $11,400,000 loan, which was funded through a national lender. The 10-year, non-recourse loan provided for roughly 80% loan-to-value. Major tenants include Big Lots, Tuesday Morning, and Gold’s Gym. According to Henderson, “The area is a great retail market and Tremont was able to provide the lender with information to get them comfortable with the deal. Tremont provided the borrower with several options including several high leverage options before settling on this deal.
For additional information on this transaction,
please contact:
Stephen Henderson
Senior Director
Email: shenderson@tremontcapital.com
Phone: 860.548.9289
David Ross
Managing Director
Email: dross@tremontcapital.com
Phone: 617.867.0700 x773
