Town Center at Twin Hickory

Location: Glen Allen, VA
Type: Retail
Price: $ 11,360,000

SMC provided an $11,360,000 first mortgage to facilitate the Borrower’s acquisition of the Property. The Loan features a 10-year term, amortizing over 30 years after an initial 24-month interest only period. The Property is 98% leased, and is anchored by a Food Lion (Moody’s Baa3). Food Lion’s sales are well in excess of the national average for the chain.