DealPoint Merrill Secures Bridge Financing for Redevelopment in Five States

LOS ANGELES, June 19, 2018 /PRNewswire/ — DealPoint Merrill has secured bridge financing for the redevelopment phase of projects in Benbrook, Texas, Columbus, Ohio, St. Charles, Missouri, Chandler, Arizona and Saginaw, Michigan.

Collectively the five properties represent nearly 600,000 square feet. After the construction phase was completed and lease up was underway, DealPoint Merrill secured long-term financing for final stabilization.

DealPoint Merrill worked with Cronheim Mortgage to secure approximately $27,000,000 of financing across the five properties.

DealPoint Merrill Acquires Albertson’s Shopping Center for Redevelopment in Benbrook (Dallas), Texas

Los Angeles, CA, June 18, 2015 –(PR.com)– DealPoint Merrill acquired the 67,000 square foot Albertson’s Shopping Center adjacent to Super Walmart, and located in a major retail corridor of Benbrook, a suburb of Dallas, Texas.

DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, Chief Investment Officer, handled the due diligence for the sale.