Westtown Shopping Center

80,000 SF Mid-Box Retail Development
Middletown, DE

$16MM Permanent Loan

Challenge
Washington Square was approached by a buyer who was looking to put permanent financing on a newly developed Property.  The Borrower was also looking for material cash-out on the deal.

Solution
Immediately, upon stabilization, Washington Square arranged a fixed-rate CMBS loan for the Property which allowed the borrower to cash-out as they desired.