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.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.