Loan Arranged for Rehab Development

A $2.3-million construction loan and $2.6-million permanent loan for the rehabilitation of an existing three-story building in Pasadena, has been arranged by the First Interstate Mortgage Co.'s income property division.

Located at 95 N. Marengo St., the rehabilitation will include 21,800 square feet of land with existing buildings to be remodeled into 21,968 square feet of retail and office areas.

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