Jackson Crossing at 21 South Hope Chapel Road in Jackson — Courtesy: Eastern Union Funding
By Joshua Burd
Eastern Union Funding has arranged a nearly $20 million loan for a client to refinance a 106,000-square-foot shopping center in Jackson, the firm said Tuesday.
Representing locally based Cardinale Enterprises, Eastern Union brokered the financing for Jackson Crossing at 21 South Hope Chapel Road at the corner of East Veterans Highway. Eastern Union Managing Director Jeffrey Seidenfeld handled the assignment, arranging the $19.75 million loan through a New York-based private lender.
Tenants include Retro Fitness, McDonald’s, Rite Aid, Shore Community Bank and several others, Eastern Union said in a news release. Cardinale Enterprises is headquartered at a nearby building on South Hope Chapel Road.
