JOHNSON CAPITAL SECURES $18.5 MILLION OFFICE LOAN

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BOCA RATON, FLA. — Johnson Capital has secured $18.5 million in financing for a Boca Raton office property. Constructed between 1978 and 1988, The Fountains Center comprises seven buildings containing 182,000 square feet space, the majority of which is for office tenants. The property also includes two bank branches, each with drive-thru lanes. The borrower is a partnership of local investors that purchased the REO property in 2012 and has since renovated it. The loan carries a five-year term, non-recourse, with a sub-4 percent, fixed interest rate. Terms also include reserves for tenant improvements and leasing commissions. The lender was a regional bank. Eric Fixler of Johnson Capital arranged the deal.

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