Apr
26
HFF Lines Up Financing for Suburban Philly Shopping Center
ByIn a deal facilitated by HFF, The Hampshire Cos. and MCB Real Estate received a $21.7 million acquisition loan for Drexeline Shopping Center in Drexel Hill, Pa.
HFF worked on behalf of the borrower, a partnership between The Hampshire Cos. and MCB Real Estate, to provide permanent financing from the lender, Flushing Bank.
Loan proceeds will be used for the property’s acquisition and as a secure line of credit for its redevelopment and repositioning…
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