Country Oaks Refinance

Ocala, Florida

April 13, 2016

MPG in conjunction with Atlanta, Georgia based Cohen Capital Corporation completed a $8.95 million refinance of the Bealls anchored Country Oaks Plaza located in Ocala, Florida. This CMBS(Commercial Mortgage Back Security) loan is for a 10 year term with a 30 year amortization schedule. The property was financed at a 74% loan to value. The term sheet for the loan was signed on February 27, 2016, with the loan closing on April 13, 2016. MPG has worked with Cohen Capital Corporation to place over $50 million in financing on commercial retail properties located in the eastern united states. Phil Helon with The Law Offices of Phillip A. Helon and Michael Baviello provided the real estate legal services on the transaction.

Do you have a need for commercial real estate financing or need to refinance a commercial property? Call us or email us at mattm@mcgillpg.com to discuss your financing needs.