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PCCP, LLC Provides $25.1 Million Senior Loan to PDC Memphis Oaks 3, LLC, a...
New York, NY - July 23, 2014 - (RealEstateRama) -- PCCP, LLC announced today it has provided a $25.1 million senior loan to PDC Memphis Oaks 3 Holdings, LLC, a Class A distribution property totaling 1,025,000 square feet in Memphis, TN managed and sponsored by affiliates of Panattoni Development Company. The loan will recapitalize the existing financing, and will allow Panattoni to focus on leasing efforts on existing and future vacant space