NORTH WALES AND QUAKERTOWN, PA. — Deerwood Real Estate Capital has secured a total of $27.78 million in financing for two grocery-anchored shopping centers located in Pennsylvania. In the first deal, Deerwood's Abe Katz and Mark Silbersher arranged an $18.35 million loan for Montgomery Commons. The 199,938-square-foot shopping center is located in North Wales. Its anchor is Redner's Warehouse Market. The loan carries a 10-year term and an 80 percent loan-to-value ratio. In the second deal, Deerwood's Meyer Perlman secured a $9.43 million acquisition loan for Richland Plaza in Quakerstown. The 206,000-square-foot center is also anchored by Redner's. The loan carries a 10-year term with an interest rate reset after 5 years. The borrowers and lenders in both transactions were not released.
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