CommCap Advisors – Recently Closed Loan!

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Project Name: Eastwind Center
Property Type: Neighborhood Retail Center
Location: Las Vegas, NV
Loan Amount: $8,758,000
Lender Type: Life Insurance Company
Term: 10 years 
Amortization: 27 years 
Loan Type: Acquisition
Specific Deal Points: – Non-recourse
– Shadow-anchored
– 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.

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