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Walgreens, Publix Portfolio Wins $72M Refi

TAMPA, FL—Beyond Walgreens and Publix, Walgreens, a free-standing Applebee's, Dunkin Donuts and Anytime Fitness were in the portfolio. Get the details on the terms of the refis.

By Jennifer LeClaire | Updated on December 17, 2013

TAMPA, FL—Safety Harbor, FL-based Olympia Development Group has secured three loans totaling $72 million to refinance a portfolio of 18 properties in Florida and Georgia. Rialto Mortgage Finance, LLC of New York originated the loan.

CBRE‘s Debt & Equity Financing Group worked on behalf of Olympia. The developer was able to refinance and extend its non-recourse position for all 18 properties through a single transaction for another five years at a high loan-to-value ratio, and a low, fixed-interest rate of 5.02%, primarily interest only.

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