L.J. Melody & Company was seeking refinancing opportunities for the owner of Plaza at the Pointe and CB Richard Ellis had identified a prospective retail buyer. L.J. Melody found that adequate dollars for refinancing the property for the original developer were not attainable in the current financing market; therefore, the owner decided to sell the property. CB Richard Ellis brought the buyer to the table, and L.J. Melody then secured long-term financing in the amount of $14,375,000.
The end result was a smooth and profitable transaction for all parties involved.
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