Chicago – The transaction was the first to be completed under Envoy’s new bridge loan program.
Miami – Morgan Stanley provided the 10-year loan at competitive rates for the purpose of refinancing the previous mortgage on the property.
Newington, Conn. – The 10-year loan features two years of interest-only payment and a 30-year amortization schedule.
Ventura, Calif. – The center is currently 93 percent leased.
Delavan, Wis. – All three buildings have frontage along State Route 50.
McLean, Va. – The 32,857-square-foot store is situated on 1.5 acres.
Monrovia, Calif. – The financing package replaced a $51 million mortgage from Wachovia Bank.
New York – The construction financing follows an initial $38 million acquisition loan provided by Madison Realty in December 2013, which brings the total financing package from MRC to $70 million.
Las Vegas – The Grove was 90 percent occupied at the time of sale.
Baton Rouge, La. and Natchez, Miss. – The loan is structured at 83 percent LTV with a 30-year amortization schedule.