Ariel Property Advisors Arranges $8.2M in Financing for Shopping Center Renovation, Expansion in Indiana

by Kristin Harlow

LAFAYETTE, IND. — Ariel Property Advisors has arranged an $8.2 million refinance loan and line of credit for the renovation and expansion of a 160,000-square-foot shopping center in Lafayette. The expansion will accommodate one of the tenants, a government agency, that needed a larger space. Eli Weisblum and Paul McCormick of Ariel arranged the loan, which features a 6.5 percent fixed interest rate, a 25-year amortization schedule and a 65 percent loan-to-value ratio. The lender and borrower were not provided.

You may also like