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Deerwood Closes $15.5M Loan on Pennsylvania Mall Redevelopment

POTTSTOWN, PA. — Deerwood Real Estate Capital has closed a $15.5 million loan to finance the acquisition and redevelopment of an enclosed mall in Pottstown. The property features 700,000 square feet of retail space. The loan, provided by a balance sheet lender, was structured with a construction facility to accommodate upgrades and repositioning. Abe Katz and Aaron Rosenfeld of Deerwood negotiated the financing for the undisclosed borrower.

Content Partners
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‣ Bohler
‣ Lee & Associates
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‣ Walker & Dunlop

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