REBusinessOnline

Loans

Integra Arranges $17.5M Bridge Loan for Acquisition of Retail Property in Elyria, Ohio

Midway Market Square is anchored by Giant Eagle grocery store.

Midway Market Square is anchored by Giant Eagle grocery store.

ELYRIA, OHIO — Integra Real Estate Capital has arranged a $17.5 million bridge loan for the acquisition of Midway Market Square in Elyria, about 23 miles west of Cleveland. The 224,330-square-foot shopping center is positioned along Interstate 80. Built in 2001, Giant Eagle anchors the center, which includes other tenants such as Dick’s Sporting Goods, Jo-Ann Fabrics & Crafts and Pet Supplies Plus. Meyer Perlman of Integra secured the three-year loan on behalf of a New York-based investment group through a balance-sheet lender.

Related Posts