Larkspur Landing Financing Revealed

RetailTraffic is featuring an article called “On Barren Ground” discussing the continued freeze of debt markets. Most of the article comes as no surprise, but the article does reveal the nature of the debt that was applied to J.S. Rosenfield’s acquisition of Larkspur Landing last month.

According to the article, 

The financing was arranged through City National Bank and featured a five-year term, an interest rate in the 6 percent range, a loan-to-value ratio of 50 percent and a recourse requirement.

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