Aliante Corporate Center is comprised of two buildings totaling 55,671 square feet. Built in 2005, the project stands out as the only high quality office park located within the immediate area. The site also contains a vacant pad available for construction of a third similar building.
Type of transaction: Loan- Life Company
Address: 2470 Nature Park Drive, North Las Vegas, NV 89084
Borrower: Palmdale Center Westgate LLC
Mortgage Broker: Matthew Hoyt of CommCap Advisors (firstname.lastname@example.org)
Loan Amount: $4,370,000
Total square feet: 55,671
Details: Value-add refinance deal. The project exhibited above market levels of vacancy, inconsistent historical income trends, and maintained grey-shell space. Despite the vacancy, CommCap delivered a full leverage (70%+) permanent loan with a below market interest rate.