FM Capital Originates a Bridge Loan in Danvers, MA within 14-Days
Mar 1, 2019
FM Capital's direct lending platform originated a $13 Million bridge loan, within two weeks, for the acquisition of Danvers Crossing Shopping Center, a retail property in Danvers, MA. The 175,211 square foot stabilized retail center is comprised of four buildings with an occupancy at 91.8%. The property benefits from a diversified rent roll and income base in addition to immediate access to major highways. Tenants include: Big Lots, and Dollar Tree. FM Capital was able to execute quickly and meet the borrower's closing timeframe.