CDC Mortgage Capital loans $180 million to Denholtz Associates

NEW YORK – CDC Mortgage Capital, based New York, has provided a floating-rate loan of about $180 million for Rahway, New Jersey-based Denholtz Associates to acquire a 27-asset portfolio from Banyan Strategic Realty Trust. The portfolio, which consists of office and flex/industrial properties that are currently 89% leased, includes 27 suburban properties in seven states. CDC will use additional loan proceeds to finance capital improvements and leasing costs for the properties.

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