Matthew Hoyt with CommCap Advisors recently arranged a $1,358,000 loan for 351 E. Silverado Ranch Blvd, a 5,374 sf, 100% occupied strip retail center. Financing retail has been extremely difficult over the past year amidst the Covid-19 Pandemic. CommCap Advisors was able to identify a lender that allowed the borrower to leverage up when most lenders have backed away from financing this product type altogether. The rate is fixed at 3.875% for the first 5 years. The loan has no balloon and no prepayment penalty upon sale.
Loan Highlights
Property Type: Retail
Property: 351 E. Silverado
Lender Type: Bank
Loan Type: Refinance
Loan Amount: $1,358,000
Term: 5 year
Amortization: 25 year
Interest Rate: 3.875%
Matt Hoyt
702-792-7558
mhoyt@commcapnv.com
