Posts Tagged ‘Financing’
MacKenzie Capital Arranges Construction Loan for Mount Vernon Redevelopment
MacKenzie Capital, LLC is pleased to announce they arranged construction development financing for the redevelopment of Grand Central into City House, a 38,000 square foot Class A office and retail project located in the heart of Baltimore’s Mount Vernon neighborhood. Situated along the thriving Charles Street Corridor, the project sits at the corner of Charles…
Read MoreMacKenzie Capital Arranges Hotel Development Financing
MacKenzie Capital, LLC is pleased to announce they provided advisory services and acted as capital consultant in the arrangement and placement of the project capitalization for the Hyatt Place Hotel to-be built in Queen Anne’s County, Maryland. The resort Hotel will include 120 waterview rooms, 5,000 square feet of meeting space, and a 44-slip marina…
Read MoreMacKenzie Capital Secures Historically Low Rate Refinancing
MacKenzie Capital, LLC is pleased to announce they have secured refinancing for two medical office buildings totaling 89,000 square feet, one located in Baltimore County and one in Harford County. The two loans totaling approximately $17 million were fixed for 10 years, both with rates under 2.30%. MacKenzie Capital President John Black and Vice President…
Read MoreMacKenzie Platform Facilitates Sale, Financing, Leasing and Management Assignment
MacKenzie Commercial Real Estate Services, LLC is pleased to announce the recent sale of Emmorton Professional Center in Harford County, Maryland. Located at 2107-2109 Laurel Bush Road in Bel Air, the 35,259 square foot office building was 92% leased at time of sale and includes a mix of government, national credit, and local tenants. The…
Read MoreMacKenzie Capital Secures $52 Million in Financing in Maryland, Virginia, and North Carolina
MacKenzie Capital, LLC is pleased to announce they secured nearly $52 million in project financing in Maryland, Virginia, and North Carolina during the 4th Quarter 2019. Assignments spanned multiple asset classes and included an office building, apartment complex, mixed-use project, boutique hotel, and a soft-branded hotel with marina. Finance activity for the assignments involved acquisition…
Read MoreMacKenzie Capital Secures $10.3 Million for Hotel Development, Rehoboth, DE
John Black and Brendan Harman of MacKenzie Capital, LLC, are pleased to announce they have secured $10.3 million in construction interim financing for a 93-room Holiday Inn Express & Suites located in Rehoboth Beach, Delaware. MacKenzie presented several financing options, however the best execution for the borrower with respect to interest rate and terms was…
Read MoreMacKenzie Capital Secures Cash Out Non-Recourse Financing in Frederick, MD
John Black, Will Goetschius, and Brendan Harman of MacKenzie Capital, LLC, are pleased to announce they have secured $6.6 million in non-recourse financing to recapitalize an office building in Frederick, Maryland. The transaction refinanced existing debt and secured significant cash out proceeds to the sponsorship. The lender and the sponsorship were able to negotiate minimal…
Read MoreMacKenzie Capital Secures Financing for Two Weis Markets-Anchored Shopping Centers in PA
MacKenzie Capital (“MacCap”) is pleased to announce that it has placed a combined $14.38MM in senior and revolving line-of-credit financing on a portfolio of Weis Markets-anchored shopping centers in Pennsylvania’s Lehigh Valley. The sponsor is a family-owned company that has been in business for over 40 years in Eastern-Central Pennsylvania. Through a highly-competitive process, MacCap…
Read MoreMacKenzie Capital Secures Financing for Baltimore County Office and Retail Portfolio
John Black, Will Goetschius, and Brendan Harman of MacKenzie Capital, LLC, are pleased to announce they have secured $32,400,000 in long-term fixed rate financing on an office and retail portfolio for RFP Partners, LLC. Don Schline, Senior Vice President/Principal of MacKenzie’s Investment Sales division sourced the off-market acquisition opportunity for RFP. Consisting of nine suburban…
Read MoreMacKenzie Engaged to Assist in Development of Frederick Residential Community
The MacKenzie Companies are proud to announce the successful settlement and pending development of Ballenger Run in Frederick, Maryland. This planned unit development consists of 443 residential for-sale lots and 410 multifamily units on over 200 acres. NVR Inc., the parent company of Ryan Homes, has been selected to construct all the for-sale homes in…
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