CommCap Advisors Arranges a Refinance on a Strip Retail Center

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Matthew Hoyt with CommCap Advisors recently arranged a $1,358,000 loan for 351 E. Silverado Ranch Blvd, a 5,374 sf, 100% occupied strip retail center. Financing retail has been extremely difficult over the past year amidst the Covid-19 Pandemic. CommCap Advisors was able to identify a lender that allowed the borrower to leverage up when most lenders have backed away from financing this product type altogether. The rate is fixed at 3.875% for the first 5 years. The loan has no balloon and no prepayment penalty upon sale.

Contact Matt Hoyt for current rates.

702.792.7558

mhoyt@commcapnv.com

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