– $12MM Commercial Mortgage
– East Norriton, PA
Pennant arranged the participation of Ocean First Bank for $12MM to help refinance a regional developer’s entire real estate portfolio. The total refinancing was a revolving credit facility of a $104MM and a $52.1MM Freddie Mac DUS Floating Notes Execution. The lead bank was Capital One with participation from TD Bank, Ocean First Bank, and Penn Community Bank.