Though the pandemic created uncertainty for retail and office properties, the borrower wanted to seize upon historically low rates. By sourcing an accommodating CMBS lender and managing the entire underwritingthird party process, Kyle Nagy & Sebastian Torres of CommCap elevated the strengths of the transaction over the fear in the market. After an exhaustive analysis and without all tenants open for business, the non-recourse loan closed at the requested amount and with an interest rate reduction.
