|Project Name:||Centennial Village|
|Property Type:||Strip Retail Building|
|Location:||North Las Vegas, NV|
|Lender Type:||Life Insurance Company|
|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.