|Project Name:||Eastwind Center|
|Property Type:||Neighborhood Retail Center|
|Location:||Las Vegas, NV|
|Lender Type:||Life Insurance Company|
|Specific Deal Points:||– Non-recourse
– Fixed rate of 4.76%
CommCap Advisors recently arranged an $8,758,000 acquisition loan for Eastwind Center, a 45,240 square foot Smith’s shadow-anchored multi-tenant retail center. CommCap delivered an aggressive 10/27 Life Company loan at 72% of purchase price. The loan offered the best long-term, fixed rate, non-recourse option in the marketplace. As the servicer of the loan, CommCap will provide ongoing support and continuity for the borrower.