Deerwood Real Estate Capital Goes South with Two Loans for Two Retail Centers

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.