CommCap Provides Permanent Financing on a Newly Constructed Project

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Matthew Hoyt recently financed 8045 Blue Diamond Rd, a multi-tenant strip retail center. CommCap was tasked with obtaining permanent loan terms while the newly constructed project was awaiting completion.

After being presented with multiple financing options from life insurance companies and banks, the borrower opted to move forward with a local lender that provided 65% financing at a rate in the mid 3’s.

Through CommCap’s relationship, the bank was able to hold rate for an extended period while awaiting project completion, delivery of space to tenants, and close of the purchase/sale transaction.

Loan Amount: $3,445,000

Property Type: Retail

Property: Blue Diamond

Lender Type: Bank

Term: 5 Year

Amortization: 25 Year

Interest Rate: 3.625%

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.

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