Market Report -- In Play (ADC)
November 12, 2009 10:12 AM ET
Agree Realty obtains $11.4 mln secured financing Co announces the closing of a new $11.4 mln secured financing. The loan is secured by mortgages on three of the retail properties located in Flint, Michigan. The $11.4 mln total consists of three non-recourse, self-amortizing notes that mature in July, 2026. Each note bears interest at a fixed rate of 6.27% for the entire term of the loan.
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