158
NORTH LAS VEGAS, NEV. — Craig Promenade, an 86,395-square-foot retail strip center in North Las Vegas, has received $7.2 million in financing. The center is located at 525-785 West Craig Road across from Craig Ranch Regional Park. It was built in 2005. The borrower was RREF II-KI, Promenade, LLC, a partnership between Kismat Investments and Rialto Capital. Financing was arranged by HFF’s John Chun and Sebastian Trujillo. The three-year, floating-rate loan was provided by RRA Capital Management. The borrower used the proceeds to acquire the property.