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Port Richey, Fla. — The interest-only loan is non-recourse and caries a competitive interest rate.
Integra Real Estate Capital has secured a $22.5 million bridge loan for the acquisition of Embassy Crossing, a 333,850-square-foot shopping center in Port Richey. Meyer Perlman, managing director at Integra, negotiated the transaction on behalf of the New York-based buyer. Integra was able to close the loan with a balance sheet bridge lender in 28 days. The interest-only loan is non-recourse and caries a competitive interest rate.