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$11 Million Loan for Fort Worth Retail Center

FORT WORTH— Thackeray Partners secured financing to purchase retail power center, Ridge Rock Plaza, in Fort Worth, Texas.

By Analee Bivins Micheletti | Updated on January 28, 2014

FORT WORTH— Thackeray Partners secured financing to purchase retail power center, Ridge Rock Plaza, in Fort Worth, Texas. CBRE‘s Debt & Structured Finance group arranged acquisition financing on behalf of Thackeray Partners to obtain an $11 million non-recourse loan.

The eight-year loan has a fixed rate for five years and will then float over Libor for the remainder of the term.

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