Matthew Hoyt recently financed Boulder Marketplace, a 29,000 sf multi-tenant retail center. When the borrower was unable to obtain traditional bank financing on the property, Matt identified a life insurance company lender and procured financing at 70% loan to value.
While in the closing process, an environmental concern was identified from a former on-site dry cleaner. CommCap worked with the lender to hold the interest rate and terms for a total of 162 days, while working with environmental consultants in cleaning and mitigation efforts.
CommCap successfully closed the refinance with a rate in the mid 3’s and set the stage for the borrower to hold onto the property long-term.
Loan Amount: $3,250,000
Property Type: Retail
Property: Boulder Marketplace
Lender Type: Life Insurance
Term: 5 Year
Amortization: 25 Year
Interest Rate: 3.625%
Refinance
Contact today for current rates!
Matthew Hoyt
702.792.7558
As your exclusive advisors, CommCap utilizes proprietary systems, market expertise, and years of experience to secure aggressive financing options that best fit your property. Exclusive correspondent and servicing relationships with Life Insurance Company, CMBS, and Agency lenders ensure a broad and in-depth representation of current market conditions. Our team of advisors craft a loan structured to enhance revenue and allow you to focus on increasing cash flow.
We do not list, sell, manage, or lease property. We only arrange financing and are the best at what we do.
