$24,575,000
4.00%, LOCKED AT APPLICATION
25 year term
25 year amortization
Multi-tenant 140,000 SF retail property. Tenants include: Best Buy, Aldi’s, PetsMart, Mattress Firm, Fit Body, Chase Bank, Tires Plus, SAS Shoes, Zaxby’s. Sponsor wanted a long term fixed rate self liquidating loan for a property in which the loan term far exceeds the lease term for all of the tenants.
Life Insurance Company Execution
Closed by Dan Bockstoce & Michael Brown
