$12,250,000 Retail Center Purchase Loan

Category

Property Type

Loan Type

March 25, 2022

Our fast purchase loan program helped our borrower quickly purchase this vibrant, multi-tenant property to meet a compressed closing date. The property is situated on a little over 7-acres with over 100,000 square feet of rentable space that is currently, 86% occupied. Our borrower will lease out the remaining vacancies and will exit our loan by refinancing to a long-term loan upon stabilization or will sell the property for profit.

Highlights:

  • 70% Loan to Value
  • 86% Occupied with National Tenants
  • Experienced Repeat Borrower

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