BWE, a national commercial and multifamily mortgage banking company, announced today it has secured financing on two Southeast shopping centers: a $6,000,000 loan to refinance Palm Beach Commons, a multi-tenant retail center in West Palm Beach, Florida; and a $10,000,000 loan to provide acquisition financing for Publix at Merganser Commons, a newly constructed shopping center anchored by Publix in LaGrange, Georgia. Daniel Rosenberg, executive vice president in BWE’s Boca Raton, FL, and Chicago offices, and Logan Petersmeyer, senior analyst in BWE’s Chicago office, originated the loans.

“Utilizing our full complement of capital sources, we were able to secure accretive financing for our clients for these two centers in Florida and Georgia,” said Rosenberg. “These financings further demonstrate BWE’s ability to source capital for a variety of asset classes across the nation and we look forward to continuing to grow our operations in Southeast region.” 

Centrally located in West Palm Beach, Palm Beach Commons is a 70,000 square foot stabilized retail center. The shopping center is anchored by Family Dollar with a mix of other retailers and service providers. The $6 million loan features full-term, interest-only payments and will allow the borrower to pay off its current debt and lock in a fixed interest rate. 

Publix at Merganser Commons is a newly constructed, 46,791 square foot grocery-anchored shopping center serving the rapidly expanding LaGrange community. The property is situated across the street from a major regional hospital and in a retail submarket that has experienced significant growth over the past several years. Rosenberg and Petersmeyer originated the $10 million loan from a life insurance company. The 10-year loan features full term interest-only payments at a competitive interest rate which will allow the sponsor to maximize property cash flow over the life of the loan.  

BWE provides flexible financing solutions for clients covering the entire spectrum of commercial and multifamily real estate. For more information on BWE’s services, visit us at: https://www.bwe.com/. 

BWE is a national, full-service commercial and multifamily mortgage banking company. Partnering with Enterprise Community Partners, Inc., BWE has production offices across the country and an integrated servicing platform based in Cleveland. With local market expertise, national lending relationships and financing structure experience, we provide clients with competitive, creative solutions for their financing needs. BWE provides loans for a range of institutional investors including life insurance companies, pension funds, commercial banks and CMBS lenders and is a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, Freddie Mac Optigo™ seller/servicer for Conventional and Targeted Affordable Housing Loans, Federal Housing Administration (FHA) approved Multifamily Accelerated Processing (MAP) lender and U.S. Department of Agriculture (USDA) Section 538 Rural Development lender.