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FAIRFAX, VA-Fairfax Corner Retail LC of Virginia has received a $67.2-million refinancing package for the Fairfax Corner Retail Center, a 205,000-sf shopping destination. The company will use the money to replace construction financing on the property.
The transaction was orchestrated by Rockville, MD-based lender Suburban Capital Markets Inc. The funding came in the form of a fixed-rate non recourse-loan with a 10-year maturity and 35-year amortization.
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