Steve Henderson, a senior director with the Hartford, CT office of Tremont Realty Capital, arranged the loan, which was funded through a regional bank. According to Henderson, "the borrower was seeking conduit terms, but with a portfolio lender. The client also did not want to have reserves collected. We were able to provide them with offers from three of our bank clients matching their needs." He adds that the deal closed in just over 30 days.
The mall is located at the intersection of routes 290 and 495, next to the Pond Mall. The center is 100% occupied by a variety of tenants including Best Buy, Eastern Mountain Sports, Borders Books, DSW and the Olive Garden.
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