HACKENSACK, N.J.– A shopping center at the intersection of two central Florida highways will continue to serve residents of the Port St. Lucie metropolitan area, thanks to a $6 million private loan.

The borrower was the successful bidder for the property at auction and they used the loan proceeds to close on the purchase of the Indrio Crossings Shopping Center, a 17.4-acre plaza located in Lakewood Park, Florida.

“Silver Arch Capital Partners is pleased that it was able to make this loan possible at 75% of the purchase price” says Jeffrey Wolfer, President and CEO. “Together with the shopping center’s new management, and with the funding in place, Indrio Crossings, a neighborhood hub for the people of Lakewood Park and the surrounding neighborhoods, will continue to succeed,” he says.

Originally built in 1989 with renovations undertaken in 2006, Indrio Crossings Shopping Center is home to many shops, restaurants, and retail stops.

Located at 4846 N Kings Highway on the southern border of Lakewood Park, Indrio Springs Shopping Center contains 130,780 square feet of rentable space. The shopping center is anchored by a Winn-Dixie supermarket, which recently exercised a renewal through 2028. Surrounding stores include a Bealls clothing store; a Subway sandwich shop, a Chinese restaurant and a pizzeria; a Dollar Tree, a nail salon, a liquor store, and a laundromat.

“Jeffery Wolfer and his team were a pleasure to deal with,” says the borrower, Gideon Grastsiani, and we look forward to doing additional transactions together.”

“A property acquired at an auction needs funding fast –with a lender who has the experience to quickly overcome all obstacles to get to the finish line,” Wolfer said. “Waiting for months to hear back from other lenders was simply not an option for this borrower. Our experienced team was able to obtain that necessary funding in time for the borrower to meet their obligation.”

Silver Arch Capital Partners has earned a reputation as a creative, problem-solving alternative lender. Its partners, who have closed over $2 billion in loans, have the knowledge and insight to guide a borrower through the entire loan process, from initial review through closing.

“There’s nothing we haven’t seen,” adds Wolfer. “We are pleased that this loan will help Indrio Springs Shopping Center’s owners to continue to serve the Lakewood Park community and the greater central Florida area for decades to come.”