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Pinnacle Closes $42.6 million on Retail Power Center

December 1st, 2017

Pinnacle Financial Group, Inc. is pleased to announce the closing of a permanent loan on a 315,000 square foot power center in Boardman, Ohio.

The Shops at Boardman Park was closed with one of Pinnacle’s long term CMBS relationships on a 10 year, 30 year amortization structure that included 2 years of interest only payments. Despite recent pullback in financing terms on retail nationally, the non-recourse loan amount of $42.6 million corresponds with the chosen loan-to-value of 75%.

Pinnacle was formed in 1990 and is currently one of the largest independently owned mortgage banking companies in the Midwest. Pinnacle is a leading member of the Strategic Alliance Mortgage (SAM), an organization of twenty-two mortgage banking companies with fifty-one offices throughout the United States. SAM ensures local expertise within a powerful national platform. Pinnacle consistently delivers their clients the best possible capital available in the market. For more information about Pinnacle, its partners and services can be found on their website at www.pinnaclefinancialgroup.com.

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