Red Oak Provides $10M Refinancing for Roswell Retail Center
Michigan-based commercial real estate finance company Red Oak Financial has provided a $9.6 million bridge loan to refinance the Village Festival Shopping Center in Roswell.
The multi-tenant retail center is located at 10930 Crabapple Rd. and sits on nearly seven acres. The center contains a total of 56,921 square feet across two, one-story buildings. The property is the last major retail center at the intersection of Woodstock Road and is connected to historic downtown Roswell.
The borrower, Phoenix Ten Properties, has a series of renovations planned at the center to introduce a variety of shopping, dining and event options at the property which will cater to family and working professionals.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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