$35,250,000
75% LTV
10 year Swap + 223, fixed rate
10 Years Fixed
30 year amortization
CMBS execution
A portfolio of 7 shopping centers located across the US. Major tenants include: Krogers, Petco, Anytime Fitness, Sportsman’s Warehouse, Ulta, TJ Maxx, Ross’s Dress for Less, Boot Barn, Family Dollar, Goody’s, Goodwill, Hibbett Sporting Goods, Roses, Ace Hardware, HyVee Food Stores, and Dollar General.
All 7 centers are located in tertiary markets and are the dominant retail property in their town. This was a cash out refi, with a 10 year fixed rate, and non-recourse terms.
Closed by Zach Nimhauser & Michael Brown
