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G&C Arbors Investors Finds $30M Refi for Delray Beach Office Portfolio
G&C Arbors Investors, LLC, an affiliate of Grover Corlew, has secured a $29.7-million refinancing loan for a 175,965-square-foot, two-building office portfolio on 12 acres in Delray Beach, FL. The company will utilize the refinancing loan for future capital and leasing costs.
Jason Hochman and Ron Granite of Cushman & Wakefield completed the loan through Ameris Bank.
“Recognizing an experienced sponsor and the strong office market fundamentals, the lender offered a low rate and flexible terms to match the business plan,” said Hochman.
The portfolio consists of a 98,460-building spanning two stories and a 77,505-square-foot building spanning four stories. Both buildings sit directly west of Interstate 95 at the southeast corner of Congress Avenue and Linton Boulevard.
The buildings include floor plans ranging from 2,300 square foot to more than 26,000 square feet and a parking ratio of 4.6 per 1,000 square feet.
- ◦Financing
