Southway Plaza

Location: Fall River, MI
Type: Retail
Price: $ 7,600,000

SMC provided a $7,600,000 first mortgage to facilitate the acquisition of the Property. The Loan provides for a 10-year term, amortizing over 25 years. The Property is located in an infill location off of Route 24 on Rhode Island Avenue, and is 99% occupied. Both of the anchors, Benny’s Stores and Ocean State Job Lot, have been at the Property since 1987 and 1992, respectively.