PLYMOUTH MEETING, PA-The new, 10-year mortgage on 15 properties is from MetLife at a 6.12% rate of interest. The funding replaces a Real Estate Mortgage Investment Conduit facility for $181.7 million on 27 of the REIT's properties at 7.96% interest.
HORSHAM, PA-The locally based commercial mortgage corporation is not only providing $313 million in debt financing, but it's also making a $90-million equity