Dockerty Romer & Co. Arranges $10,000,000 Million in Financing

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Bob Dockerty of Dockerty Romer & Co. has arranged permanent mortgage financing in the amount of $10,000,000 for a 74,000 SF retail center. The fixed rate financing was provided by Florida Community Bank, FCB. A 10-year, fixed rate swap transaction was negotiated. The Borrower, North Dixie Retail, LLC. refinanced an existing loan that was maturing. The property is located on the north side of Spanish River Blvd, more specifically 155-499 NE Spanish River Blvd, in Boca Raton. Dockerty commented, “This 100% occupied retail center is located in the heart of East Boca Raton and is extremely well-maintained. The borrower was seeking to refinance an existing loan that had reached its maturity and received a low fixed rate of interest in return for offering collateral that was well margined and had low loan to value.” Dockerty added, “Boca Raton has a strong retail market and enjoys rising rental rates.” Dockerty Romer & Co. based in Delray Beach, Florida is a full service commercial mortgage banking company specializing in the capitalization of income producing properties. Dockerty Romer & Co has closed nearly $3 Billion of real estate transactions since its inception in January 2000. FCB is the fifth-largest independent bank in Florida, with 41 locations statewide and assets exceeding $3 billion please go to www.floridacommunitybank.com for more information.