Accretion Capital Secures $14.6 Million Refinance Loan For Retail Asset In Titusville

This retail property, located at 3065 Columbia Boulevard in the Titusville market, encompasses a total square footage of 85,000. It was financed through a refinance loan amounting to $14,600,000 with Accretion Capital as the landlord. The tenant of this property is associated with marijuana use.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $14,600,000
• Loan Type: Refinance
• Address: 3065 Columbia Boulevard
• Market: Titusville
• Landlord: Accretion Capital
• Broker: Benjamin Stein - Metropolis Capital Advisors
• Note: BH

Benjamin Stein played a crucial role in this closing, representing Metropolis Capital Advisors. The transaction was expedited due to a close relationship with the lender, who modified internal policies to facilitate the process. Timely action was essential as the team was working against a looming maturity deadline.