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Berkadia Arranges $9.8 Million Refinancing for Retail Property in Key Biscayne, Florida
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Berkadia Arranges $9.8M Refinancing for Shopping Center in Key Biscayne, Florida
KEY BISCAYNE, FLA. — Berkadia has arranged a $9.8 million loan to refinance a 61,504-square-foot, two-story retail center located on Key Biscayne, a barrier island situated south of Miami. Charles Foschini, Christopher Apone, Shannon Wilson and Lourdes Carranza-Alvarez of Berkadia secured the 10-year, fixed-rate loan through a correspondent life insurance company on behalf of the undisclosed owner, which purchased the property in 1997. The finan…
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