CRC Safeguards $22M Refinancing for Manchester Workplace Residential Property

CRC Protects $22M Refinancing for Manchester Office Home

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Cornerstone Realty Resources has actually safeguarded a $21.5 million car loan to re-finance Bob’s Discount rate Furniture’s headquarters in Manchester, CONN.

. The residential or commercial property contains a 103,500-square-foot Course An office building that rests on a single nine-acre parcel. The Sponsor, Waterstone Feature Team, constructed the three-story structure in 2017. The inside of the building includes brightened granite on the ground flooring lobby and elevator areas, while the top passages consist of industrial quality short loop carpeting. The building additionally includes three lifts committed to passenger solution, every one of which come from the room.

Keystone delivered a 75% loan-to-value funding structure with a low fixed rate and also a 25-year amortization schedule. The lender was not revealed.

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