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).
Contact today for current rates!
Matthew Hoyt
702.792.75578
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.