Life Insurer Backs Center Point Loan

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commcapCommCap arranged a fixed rate non-recourse permanent loan for $2,850,000 for the acquisition of the 48,250 SF Center Point industrial property located at 1191 Center Point Drive in Henderson. Written by one of CommCap’s correspondent life companies, the note was issued at a rate of below 4% on a 10 year term with a 15 year amortization.