Romspen Provides $30.5M Refinance Loan For Retail Property In Williamsburg, VA

The retail property located at 4801 Courthouse St in Williamsburg, VA has recently undergone a refinancing deal. The property spans across 356 acres, offering a significant space for various retail activities.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $30,500,000
• Address: 4801 Courthouse St
• Market: Williamsburg, VA
• Lender: romspen''>Romspen
• Landlord: Developers Realty Corporation
• Brokers: Dylan Kane, Zach Redding & Peter Nicoletti - Colliers

The refinancing deal was facilitated by Dylan Kane, Zach Redding, and Peter Nicoletti, representing Colliers. Their expertise and negotiation skills played a crucial role in securing favorable loan terms for the property. The loan amount of $30,500,000 provided by Romspen enabled the property owner and landlord, Developers Realty Corporation, to optimize their financial situation and potentially explore further development opportunities.