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Portfolio Detail: Cornerstone



»  www.cornerstonecommerce.com


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


 



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