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United States : COMMERCIAL MORTGAGE CAPITAL completes $94 MILLION loan for an office building

July 15, 2014

Commercial Mortgage Capital declared that it has completed a $94 million permanent loan for an office building in Connecticut.

The company said that, It had worked out the deal for the 365,866-square-foot i.Park Norwalk building, located on a 30-acre campus in Norwalk, Connecticut.

A Livingston-based Commercial Mortgage Capital arranges permanent, construction and mezzanine loans for commercial properties.

Mark Scott, founder and president of Commercial Mortgage Capital, stated, The property boasts a phenomenal roster of long-term, credit tenants. We were able to secure a favorable rate for our client and have seen a substantial upswing in the market particularly for well-located office, multifamily and industrial assets. We expect transaction volume to continue growing at a favorable pace as we move further into 2014.

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Source: TendersInfo (India)

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