Eastern Union Funding secured a $4.2 million acquisition loan for Wythe Plaza, a retail and shopping complex located at 800 E Main Street in Wytherville, VA.
The 99,745 s/f shopping center is owned by Bila Family Partnership.
The loan, provided by Mid-Atlantic Financial Partners, was arranged by Eastern Union Funding’s Mid-Atlantic team, consisting of Marc Tropp and Shai Romirowsky. It features an interest rate of 4.875 on a three-year term.
“We are seeing continued growth in Virginia, and this particular shopping center features many big name attractions and is at the crossroads of two major intersections,” said Tropp. “Our client understands this market and made an investment in the growth potential.”