$17,000,000 Permanent Financing 

chambersburg-pictureAltman Warwick arranged a 10 year fixed-rate mortgage for the 171,596 square foot Franklin Center located in Chambersburg, Pa. The newly renovated and re-positioned “power center” is anchored by Dick’s Sporting Goods, TJ Maxx, Petco, Ollie’s, and the DMV and strategically located at the intersection of Lincoln Highway and I-81.

Notwithstanding the fully leveraged proceeds, the loan was priced at an exceptionally competitive 165 basis point spread over swaps.

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