Bank Of Montreal Provides $24.15M Acquisition Loan For Retail Property In Monroe, NC

The retail property located at 2901 W. US Highway 74 in Monroe, NC has been acquired through a loan transaction. The property spans approximately 196,462 square feet and is situated in a prime market area. The acquisition was facilitated by Simon Rosenfeld from Meridian Capital Group acting as the broker representing the buyer. The loan amount provided by the lender, Bank of Montreal, was $24,150,000.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $24,150,000
• Address: 2901 W. US Highway 74, Monroe, NC
• Market: Monroe, NC
• Square Footage: 196,462

Simon Rosenfeld from Meridian Capital Group played a pivotal role as the broker representing the buyer in the acquisition of this retail property. Their expertise helped facilitate the loan transaction with Bank of Montreal, securing the necessary funding for the deal.