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MMCC Arranges $10M Refinancing for Carolina Springs Plaza Shopping Center in South Florida

Carolina Springs Plaza is a grocery-anchored, 125,500-square-foot shopping center located at 7804-8092 W. Sample Road in Margate, Fla. El Bodegon Supermarket has anchored the property since 2011.

MARGATE, FLA. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $10 million loan for the refinancing of Carolina Springs Plaza, a grocery-anchored, 125,500-square-foot shopping center located at 7804-8092 W. Sample Road in Margate. El Bodegon Supermarket has anchored the 13.4-acre property since 2011. Robert Bhat of MMCC’s Miami office arranged the 10-year, fixed-rate loan, which features a 25-year amortization schedule and 70 percent loan-to-value ratio. The borrower and direct lender were not disclosed.

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