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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
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This Retail property located in PA received a loan of $23,725,000 over 2 years ago. The broker of the deal was Morris Dweck

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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Deals
  • Location
    101 Quarry Road, Downingtown, Pennsylvania 19335, United States101 Quarry Road, Downingtown, Pennsylvania 19335, United States
  • Loan Value
    $23,725,000$23,725,000
  • Asset Type
    RetailRetail
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Morris Dweck

Morris Dweck

Deals21
Financed$281.7M

Agency

Kassin Sabbagh Realty

Kassin Sabbagh Realty

Agency
Deals1091
Volume$7.1B

Flushing Bank

Flushing Bank

Lender
Deals28
Volume$ 9.6B

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Deal Summary

LOAN 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-recourse

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101-109 Quarry Road, 3605, 3611, 3413, 3617 & 3625 Horizon Boulevard

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