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www.cornerstonecommerce.com
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Property Name:
Cornerstone Commerce Center
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Product Type: |
Redevelopment Loan |
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Funding Date: |
March 2004 |
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Proceeds: |
$23+ million |
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Loan-to-Value: |
82% of construction cost |
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Term: |
1 year + 1 year extension |
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Description: |
Redevelopment of former Prudential regional headquarters to
lifestyle mixed-use project including office, retail, restaurant and pad sites.
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Payoff: |
Repaid through refinancing in March 2005 |
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