FINANCED
Paramount Realty Refinances Downingtown And Trevose Retail Properties With $23.7M Loan From Flushing Bank - Morris Dweck Represents ABS Altman Warwick
101-109 Quarry Road, 3605, 3611, 3413, 3617 & 3625 Horizon Boulevard
Retail
95,211 SF
95,211 SF
Financed 1 year ago
Summary
Loan
PENNSYLVANIA
Retail
95,211 sqft
A retail property located at 101-109 Quarry Road, 3605, 3611, 3413, 3617 & 3625 Horizon Blvd. in Downingtown, PA & Trevose, PA has recently undergone a loan transaction. The property spans an area of 95,211 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $23,725,000
- Loan Type: Refinance
- Loan Terms: 7-year, 30-year amortization, 3.70%, non-recourse
The loan for the property, provided by Flushing Bank, amounted to $23,725,000. This loan was a refinance, with a term of 7 years and a 30-year amortization schedule. The interest rate on the loan was 3.70%, and it was non-recourse.
The landlord of the property is Paramount Realty. The broker involved in this transaction is Morris Dweck from ABS Altman Warwick.
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Details
FINANCED
IMAGE: Morris Dweck
DATE: 12/21/2021
ADDRESS: 101-109 Quarry Road, 3605, 3611, 3413, 3617 & 3625 Horizon Blvd.
MARKET: Downingtown, PA & Trevose, PA
ASSET TYPE: Retail ~ SF: 95,211
LENDER: Flushing Bank
LANDLORD: Paramount Realty
BROKER: Morris Dweck (@MDabsaw) - ABS Altman Warwick
LOAN AMOUNT: $23,725,000
LOAN TYPE: Refinance
LOAN TERMS: 7-year, 30-year amortization, 3.70%, non-recourseView on map
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Address101-109 Quarry Road, 3605, 3611, 3413, 3617 & 3625 Horizon Boulevard
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