{"id":1004024664,"date":"2010-11-30T06:27:55","date_gmt":"2010-11-30T14:27:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004024664"},"modified":"2022-12-07T06:33:42","modified_gmt":"2022-12-07T14:33:42","slug":"cedar-wraps-up-65-2m-in-mortgage-loans-on-six-shopping-centers","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cedar-wraps-up-65-2m-in-mortgage-loans-on-six-shopping-centers\/","title":{"rendered":"Cedar Wraps up $65.2M in Mortgage Loans on Six Shopping Centers"},"content":{"rendered":"<p>November 30, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004024665\" style=\"width: 310px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/House-of-Sims.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004024665\" data-attachment-id=\"1004024665\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cedar-wraps-up-65-2m-in-mortgage-loans-on-six-shopping-centers\/house-of-sims-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/House-of-Sims.jpg\" data-orig-size=\"500,334\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"House of Sims\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user House of Sims&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/House-of-Sims.jpg?w=500\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/House-of-Sims.jpg\" alt=\"\" title=\"House of Sims\" width=\"300\" height=\"200\" class=\"size-medium wp-image-1004024665\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/House-of-Sims.jpg 500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/House-of-Sims.jpg?resize=300,200 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004024665\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user House of Sims<\/p><\/div>\n<p>Cedar Shopping Centers Inc. has closed on 10-year fixed-rate mortgage financing for a six-property suite purchased in October. The primarily supermarket-anchored properties were bought on behalf of a joint venture between Cedar and RioCan Real Estate Investment Trust, a Canadian firm. <\/p>\n<p>The approximate loan-to-value ratio of each loan is 55 percent.<\/p>\n<p>The properties and respective loan amounts are: the 148,000-square-foot Cross Keys Place in Sewell, N.J., $14.6 million; the 85,000-square-foot Gettsyburg Marketplace in Gettysburg, Penn., $10.9 million; the 305,000-square-foot York Marketplace in York, Penn., $16.1 million; the 108,000-square-foot Northland Center in State College, Penn., $6.3 million; the 68,000-square-foot Marlboro Crossroads in Upper Marlboro, Md., $6.9 million; and the 111,000-square-foot Towne Crossing in Midloathian, Va., $10.5 million.<\/p>\n<p>The loan on Cross Keys was provided by Bank of America, N.A., while the other five were arranged by Goldman Sachs Commercial Mortgage Capital, L.P. Cedar is a real estate investment trust that concentrates primarily on ownership, operation, development and redevelopment of supermarket-anchored shopping centers in coastal mid-Atlantic and New England states, while RioCan is Canada\u2019s largest real estate investment trust with a total capitalization of approximately $10 billion as of Sept. 30.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cedar Shopping Centers Inc. has closed on 10-year fixed-rate mortgage financing for a six-property suite purchased in October. The primarily supermarket-anchored properties were bought on behalf of a joint venture between Cedar and RioCan Real Estate Investment Trust, a Canadian firm. <\/p>\n","protected":false},"author":936,"featured_media":1004024665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,21742],"tags":[],"class_list":["post-1004024664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cedar Wraps up $65.2M in Mortgage Loans on Six Shopping Centers - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cedar-wraps-up-65-2m-in-mortgage-loans-on-six-shopping-centers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cedar Wraps up $65.2M in Mortgage Loans on Six Shopping Centers\" \/>\n<meta property=\"og:description\" content=\"Cedar Shopping Centers Inc. has closed on 10-year fixed-rate mortgage financing for a six-property suite purchased in October. The primarily supermarket-anchored properties were bought on behalf of a joint venture between Cedar and RioCan Real Estate Investment Trust, a Canadian firm.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cedar-wraps-up-65-2m-in-mortgage-loans-on-six-shopping-centers\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-11-30T14:27:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T14:33:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/House-of-Sims.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"334\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cedar-wraps-up-65-2m-in-mortgage-loans-on-six-shopping-centers\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cedar-wraps-up-65-2m-in-mortgage-loans-on-six-shopping-centers\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"Cedar Wraps up $65.2M in Mortgage Loans on Six Shopping Centers\",\"datePublished\":\"2010-11-30T14:27:55+00:00\",\"dateModified\":\"2022-12-07T14:33:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cedar-wraps-up-65-2m-in-mortgage-loans-on-six-shopping-centers\\\/\"},\"wordCount\":217,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cedar-wraps-up-65-2m-in-mortgage-loans-on-six-shopping-centers\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/11\\\/House-of-Sims.jpg\",\"articleSection\":[\"Featured\",\"Finance\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cedar-wraps-up-65-2m-in-mortgage-loans-on-six-shopping-centers\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cedar-wraps-up-65-2m-in-mortgage-loans-on-six-shopping-centers\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cedar-wraps-up-65-2m-in-mortgage-loans-on-six-shopping-centers\\\/\",\"name\":\"Cedar Wraps up $65.2M in Mortgage Loans on Six Shopping Centers - 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