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.