But he was in a dilemma: Winn-Dixie Supermarkets had vacated its anchor position at University Square and there was a short remaining lease for anchors Winn-Dixie and Eckerd Drugs at the Curry Ford East location.
Orlando mortgage bankers Mark Findura and Chris Larkin of R.J. Twitty & Co. II Inc. eased Collard's fears by finding his MCP Retail LLC firm a $5.5 million loan from Intervest Bank, a subsidiary of New York-based Intervest Bancshares Corp.
The 7% fixed-rate loan will be amortized over 25 years and represents 85% of the purchase price. Collard is renovating both properties.
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