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Finance
Posted: February 12, 2015
Larew Doyle & Associates arranges $6m financing
Alan Doyle, principal of Larew Doyle & Associates (LD&A)Providence office secured $6 million in acquisition financing on a 92,000 s/f two story office building located on West Oakland Park Blvd. The 10 year fixed rate non-recourse financing was placed with one of LD&A's correspondent life insurance companies which provided a commitment within 1 week of loan application and funded the loan well within the Purchase & Sale contract's time frame. The lender was very understanding of and responsive to the buyer's timing requirements.
The building is well leased, features an expansive and lushly landscaped central atrium and is situated along a major east-west thoroughfare within close proximity to the Sawgrass Expressway and Florida's Turnpike.
Larew Doyle & Associates is a regional mortgage and equity brokerage firm with offices in New York City, Providence RI and Syracuse NY. Specializing in debt and equity originations, LD&A's founding partners bring with them years of Money Center Banking and Insurance Company CRE investment expertise.
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