CommCap Advisors Arranges Financing for Centennial Village Acquisition

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Project Name: Centennial Village
Property Type: Strip Retail Building
Location: North Las Vegas, NV
Loan Amount: $2,100,000
Lender Type: Life Insurance Company
Term: 25 years 
Amortization: 25 years 
Loan Type: Acquisition
Specific Deal Points: – Checkered operating history
– Unanchored Retail
– Fixed rate loan

CommCap Advisors recently arranged a $2,100,000 acquisition loan for 14,000 square feet of strip retail at Centennial Village. CommCap secured a 25/25 Life Company loan with optional rate adjustments at 10 and 20 years. The loan offered the best long-term, fixed-rate option with minimal structure. As the servicer of the loan, CommCap will provide ongoing support and continuity for the borrower.

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