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.
The loan was financed with a fixed-rate of 5.73%, 10-year term with 3-years of interest-only payments.
In addition to structuring and placing significant capital transactions, John B. Levy & Company undertakes extensive research on the commercial mortgage industry. The firm’s principals work extremely closely with clients; as a result the firm is able to recommend financial structures that are best suited to each individual borrower based upon fluctuations, changes, and irregularities in the market, even in an industry such as this which experiences rapid changes.
John B. Levy & Company, Inc. is a real estate investment-banking firm founded in 1995 and headquartered in Richmond, Virginia. In addition to investing its own proprietary funds into transactions with their clients, the firm raises equity and debt for developers and owners of commercial and multi-family projects nationwide. The firm has structured over $2 billion in financing. During the past 90 days, the firm has successfully closed $300 million in transactions, each with its own property specific challenges.
The firm’s founder, Mr. Levy, is an expert on commercial real estate financing and trends, and, in particular, on the effects of interest rates on the commercial real estate markets. He was the originator and author of the Barron’s/John B. Levy & Company National Mortgage Survey, a monthly survey of more than 30 of the country’s largest institutional investors, and of buyers and sellers of commercial mortgage-backed securities. The survey, which appeared monthly in Barron’s, ran for more than 23 years. He is also co-creator of The Giliberto-Levy Commercial Mortgage Performance Index (sm), the first and pre-eminent index to measure the performance of investments in the commercial mortgage industry. The Index is published each quarter in the Giliberto-Levy Monitor, a publication that provides detailed analysis and commentary on commercial mortgage investments.
For more information, visit the firm’s website at www.jblevyco.com.