CommCap Provides Multiple Lending Sources to Borrower on North Las Vegas Retail Center!

0
76

CommCap is pleased to announce the recent loan closing on Station Plaza, a 36,000 sf, 5 building retail center in North Las Vegas. The borrower was finalizing lease negotiations with Humana to occupy 2 buildings which would stabilize the project’s occupancy.
CommCap identified multiple lending sources for bridge loan product and as well as structured bank debt. The borrower opted for a local bank source which provided the most flexibility, the best rates, and flexible prepayment. The loan refinanced existing debt and provided excess funds for lease-up costs (Tenant Improvements, Leasing Commissions, and Capital Expenses).

Please call Matthew Hoyt with your next structured bridge loan request!

Loan Amount: $2,800,000

Property Type: Retail

Property: Station Plaza

Lender Type: Bank

Term: 5 Year

Amortization: 25 Year

Interest Rate: 3.50%

Contact today for current rates!

Matthew Hoyt

702.792.7558

Mhoyt@commcapnv.com

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.