"The loan proceeds will be used to refinance the first mortgage and buy out the 95% limited partnership interest," says Collateral Mortgage's John Rothschild, a vice president in the Columbus, OH office. According to Loudoun County records, the property has a current assessed value of approximately $8.2 million.

Located in Downtown Leesburg off Rte. 7, Bellewood Commons was developed in 1988 and underwent a major upgrade in 1998. Minshall Stewart Properties oversees operations of Bellewood Commons, which is anchored by Starbucks, Mail Boxes Etc. and Dunkin' Donuts. For the last five years, the shopping center has been either nearly or completely occupied by a range of tenants including the National Humane Society, Papa John's Pizza, and the US Tae Kwon Do Academy.