| Project Name: | Centennial Village |
| Property Type: | Strip Retail Building |
| Location: | North Las Vegas, NV |
| Loan Amount: | $2,100,000 |
| Lender Type: | Life Insurance Company |
| Term: | 25 years |
| Amortization: | 25 years |
| Loan Type: | Acquisition |
| 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.
