ENGLEWOOD CLIFFS, NJ—Deerwood Real Estate Capital has closed two loans for retail centers in Alabama and Florida totaling more than $26 million.

In the first deal, Deerwood Real Estate Capital arranged a $20.7 million non-recourse loan for the acquisition of a 381,000-sq.-ft. retail center in Mobile, Ala., which is currently 80 percent leased.

In Florida, Deerwood Real Estate Capital closed a $6.1 million non-recourse loan on a 35,000-sq.-ft. retail center in Orlando, Fla., which is anchored by CVS and currently 100 percent occupied.

Deerwood’s Rafi Frankel and Mark Silbersher negotiated both of the deals.