Loan Arranged for Shop Center
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Construction financing of $4 million for a new retail shopping center in Orange is being arranged by First Interstate Mortgage Co., Pasadena, backed by $4 million in permanent financing with Barclays American/Business Credit.
The center, a development of Tustin Center Partners, to be located on Tustin Avenue between Mayfair and Rose avenues, will consist of a 24,600-square-foot single-story building and a 5,400-square-foot service area. Parking for 144 vehicles will be provided.
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