$20,000,000 Permanent Mortgage Loan 

elwood-shopping-center-picture$20,000,000 permanent mortgage loan for the Elwood Shopping Center located in East Northport, New York. The center has 86,000 total square feet of retail and is anchored by Dunkin’ Donuts, Radio Shack, Elwood Cinema and Denny’s Childrenswear. The non-recourse loan was arranged at 65% LTV with a term of 10 years a fixed interest rate of 180 basis points above the 10 year LIBOR rate.

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