MacKenzie Capital Arranges Construction Interim Loan
MacKenzie Capital, LLC is pleased to announce they have secured approximately $15 million in construction/interim financing for a to-be-built 70,000 square foot medical office building. The significantly pre-leased building will be located outside the North gates of the Ocean Pines community in Ocean Pines, Maryland. MacKenzie Capital President John Black and Vice President Brendan Harman worked with owner/developer Palmer Gillis of Gillis Gilkerson, a Salisbury, Maryland-based construction and development firm to secure the financing.
“Our client approached us because their longstanding relationship bank had portfolio issues and was unable to fulfill their needs,” stated Black. “We went to market with the opportunity and were met with multiple quotes proving capital remains available for solid projects with outstanding sponsorship.”
MacKenzie Capital, LLC is a real estate capital advisory firm that commercial real estate owners, developers, and investors rely on for their debt, equity, and project financing needs. Our creative, hands-on, and client-focused approach to capital advisory ensures that our clients are getting the most effective financing for their project in the current market. For decades, our team of experienced advisors has successfully arranged financing for small and large projects of all property types throughout the country. MacKenzie Capital is an affiliate of The MacKenzie Companies, one of the Mid-Atlantic’s largest independently owned full-service commercial real estate firms that is based in Baltimore, Maryland.
For more information about MacKenzie Capital’s offerings, please visit www.mackenziecommercial.com, or contact John Black at jblack@mackenziecommercial.com or 410.494.6652; or, Brendan Harman at bharman@mackenziecommercial.com or 410.494.6656.
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MacKenzie Ventures, LLC (MacKenzie) possesses the multi-disciplined team necessary to excel in Maryland’s corporate real estate community. Comprising seven firms, MacKenzie provides clients a competitive, full service platform of offerings in leasing, sales, investment sales, tenant and landlord advisory services, corporate and business consulting, commercial development, general construction, property and asset management, multifamily property management, debt and equity capital placement, and GIS/Data Analytics. With more than 225 employees and offices in Annapolis, Baltimore, Bel Air, Columbia, and Lutherville, Maryland, MacKenzie is one of the largest full service commercial real estate firms in the Mid-Atlantic. Please visit www.mackenziecommercial.com for more information.
