Sure, there’s a real credit crunch, but what’s a developer or owner to do? John Levy offers several ideas to facilitate your next deal. For more information,…
John Levy discusses the impact of the sub-prime market on commercial real estate finance as well as changes in CMBS underwriting and credit structures.
Richmond, VA; November1, 2007: John B. Levy & Company is pleased to announce that it is has completed the financing for the Quioccasin Station Shopping Center, a 76,653 square foot anchored specialty retail center located in the heart of Richmond, Virginia’s West End. The property, which is located on approximately eight acres, includes a strip shopping center consisting of restaurants and retail businesses and a Food Lion, which has been in occupancy since 1986 and expanded in 2000.
(Richmond, VA – August 20, 2007) – Richmond-based John B. Levy & Company, Inc. announced today the placement of $210,000,000 in long-term permanent financing on behalf of a Maryland-based real estate operating company that currently owns over 3 million square feet of office, medical office and retail space in the Washington, D.C./Baltimore areas. The five separate financings, totaling $210,000,000, were secured by five Class A office buildings located in the Greater Washington, D.C. area. The properties were financed with permanent mortgages having a fixed-rate of 5.76% with 10-year interest-only loans.
Richmond, VA; August 22, 2007: John B. Levy & Company is pleased to announce that it is has completed the financing for 11 flex/industrial buildings located in Central Pennsylvania. The properties, 460,000 square feet in total, are located just off of the Pennsylvania Turnpike, south of Harrisburg. The Counties of Dauphin, Cumberland, York, Lebanon, and Perry form the Central Pennsylvania Industrial Market and are a major hub for trucking companies delivering goods all throughout the northeast.