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REBusiness Online A subsidiary of National Realty & Development Corp. has secured $23.5 million of financing against North Haven Pavilion, a 148,277-square-foot shopping center in North Haven, Conn. Cronheim Mortgage of Chatham, N.J., arranged the financing. The lender was a ...
The property was sold by special servicer Situs, which had taken it over in 2009 after Belfonti Associates had defaulted on a $12.9 million loan that was securitized through GMAC Commercial Mortgage Securities Inc., 2005-C-1.
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