Eastern Union Secures $2.9M Acquisition Financing for Arcadia Lakes Shopping Center in Columbia, South Carolina

Eastern Union Arranges $2.9 Million in Financing for Arcadia Lakes Shopping Center in Columbia, South Carolina

Columbia, S.C. — New York-based Eastern Union has secured $2.9 million in financing for the acquisition of Arcadia Lakes Shopping Center, a 33,684-square-foot shopping center located in Columbia. Marc Tropp of… The post Eastern Union Arranges $2.9 Million in Financing for Arcadia Lakes Shopping Center in Columbia, South Carolina appeared first on Shopping Center Business.

Eastern Union Secures $2.9M Acquisition Financing for Arcadia Lakes Shopping Center in Columbia, South Carolina

COLUMBIA, S.C. — New York-based Eastern Union has secured $2.9 million in financing for the acquisition of Arcadia Lakes Shopping Center, a 33,684-square-foot retail center located at 6432 Two Notch Road in Columbia. Marc Tropp of Eastern Union arranged the five-year mortgage on behalf of the buyer, CityWide Properties. The loan features a 75 percent loan-to-cost ratio and a 6.65 percent interest rate. Proceeds of the loan were used for the purc…