Rockfish Funding, LLC Obtains $5-Million CMBS Conduit Loan for Dover Downs Shopping Center, a Retail Power Center in Dover, DE

Rockfish Funding, LLC. has arranged a $5,000,000 CMBS conduit loan for the refinance of Dover Downs Shopping Center, a 95,717-square-foot power center located at 1165 North DuPont Highway (Route 13) in Dover, Delaware. Route 13 is the primary retail/commercial corridor serving Dover, the second-largest city in Delaware with a population of approximately 37,000 and growing. The center was constructed in 1993 and is 100% occupied. The property is anchored by Best Buy, Michaels and Ashley Furniture. The loan refinanced an existing CMBS conduit loan that was scheduled to mature in…

Rockfish Funding, LLC Obtains $9-Million CMBS Conduit Loan for Tally Ho Shopping Center in Wilmington, DE

Rockfish Funding, LLC has arranged a $9,000,000 CMBS conduit loan for the refinance of Tally Ho Shopping Center, a 25,100-square-foot neighborhood shopping center anchored by a Bank of America banking center that is leased until 2030. The property is located at the corner of Naamans Road and Concord Pike in Wilmington, Delaware, a heavily trafficked intersection in the Brandywine section of Wilmington. The center is 100% leased to ten tenants, some of which have been located in the center for over 20 years. The transaction refinanced a maturing CMBS conduit loan that…