Shoppes at Schoolhouse Crossing

Location: Kennett Square, PA
Type: Mixed Use
Price: $5,600,000

SMC has provided a $5,600,000 ten-year fixed rate mortgage for the refinance of a mixed use retail-office property located in Kennett Square, PA. The Property contains a single, two-story building containing 37,000 SF with 22,000 SF of retail space and 15,000 SF of office space. Proceeds were used to refinance a maturing 10-year CMBS loan.