loans

Pasadena Retail Property Receives $7.8M Loan

by Nellie Day November 3, 2014

PASADENA, CALIF. – A 59,268-square-foot retail property in Pasadena has received a $7.8-million loan. The center is located at 855–875 S. Arroyo Parkway. Notable tenants include Petco, BevMo and Staples. The owner is a large, nationally known owner and developer of commercial and multifamily real estate. Financing was arranged by Amos Smith and Sean Skelton of Johnson Capital’s Irvine office. The permanent, fixed-rate, non-recourse loan was provided by a national life insurance company. It features a 10-year term.

November 3, 2014

Colorado Industrial Western

Oxford-Santa Fe Business Park in Sheridan Receives $10.5M

by Nellie Day October 28, 2014

SHERIDAN, COLO. – Oxford-Santa Fe Business Park, a 190,000-square-foot industrial property in Sheridan, has received $10.5 million in acquisition financing. The park is located at 1800 & 1880 W. Oxford Ave. and 4111-4251 S. Natches Court. Oxford-Santa Fe was built between 1983 and 1985. It is currently 96 percent leased, with 44 tenants. Financing was arranged by Steve Bye and Conor McCahill of NorthMarq Capital’s Denver regional office.

October 28, 2014

California Loans Multifamily Western

Hillcrest Apartments in San Diego Receives $7.4M Construction Loan

by Nellie Day October 21, 2014

SAN DIEGO – The 36-unit Hillcrest Apartments in the San Diego submarket of Hillcrest has received $7.4 million in construction-permanent financing. The community will be located at 4021 Eighth Ave. Financing will be used to develop the property, which is scheduled for completion in early 2016. The construction loan converts to a permanent loan at stabilization. The loan also carries an earn-out feature that allows the borrower to draw additional loan dollars at stabilization. It features a 4.2 percent rate with an interest-only period of up to 27 months. Financing was arranged by HFF’s Aldon Cole and Bryan Clark on behalf of Veritas Urban Properties. The 12-year, fixed-rate loan was arranged through a correspondent life company lender.

October 21, 2014

Arizona Hospitality Loans Western

Hampton Inn & Suites Scottsdale-Riverwalk Receives $7M in Acquisition Financing

by Nellie Day October 21, 2014

SCOTTSDALE, ARIZ. – The 101-room Hampton Inn & Suites Scottsdale-Riverwalk has received $7 million in acquisition financing. The hotel is located at 9550 E. Indian Bend Road. Indian Bend Hotel Group LLC, an affiliate of Caliber Companies, recently acquired the hotel for $10.4 million. The hotel is part of the 187-acre, $400-million Riverwalk Arizona master development. The bridge loan was funded by Thorofare Capital. The transaction was structured and negotiated by the firm’s Felix Gutnikov.

October 21, 2014

California Loans Retail Western

Santa Rosa Plaza in Camarillo Receives $5.5M Refinance

by Nellie Day October 16, 2014

CAMARILLO, CALIF. – Santa Rosa Plaza, a 58,940-square-foot retail property in Camarillo, has received a $5.5-million refinance. The plaza is located at 5800 Santa Rosa Road. Notable tenants include CVS and Bank of America. The center was originally developed in 1980. The new permanent, non-recourse loan features a 15-year fixed-rate term with a 30-year amortization schedule. It was arranged by Ted Willis of Pacific Southwest Realty Services through a life insurance company. The funds were used to pay off a maturing CMBS loan with a higher interest rate.

October 16, 2014

Kansas Loans Midwest Multifamily

NorthMarq Capital Arranges $15.8M Refinancing of The Overlook Apartments

by Danielle Everson October 2, 2014

TOPEKA, KAN. — NorthMarq Capital has arranged the $15.8 million refinancing of The Overlook Apartments, a 318-unit multifamily property in Topeka. The apartment community is located at 1310 S.W. Summit Woods Drive. Dan Trebil of NorthMarq Capital’s Minneapolis office arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.

October 2, 2014

Newer Posts

Older Posts

Upcoming Events

Aug
18