– DePaul Real Estate Advisors is pleased to announce the refinance of Plantation Center, a seven-building, 46,460 square foot, retail center located on William Hilton Parkway in the Town of Hilton Head, Beaufort County, South Carolina. The subject is on the primary commercial corridor and located just south of the entrance to Palmetto Dunes Resort, in the central business district on the south end of Hilton Head Island.
Paul DeCrescentis and Jarod Pate, who represented the borrower, successfully structured the 10-year interest-only loan in the amount of $4,500,000, using a correspondent lender of the DePaul team. The interest rate was locked at 5.37%.
