$13,600,000 – Acquisition Perm – Shopping Center, Coral Springs, FL

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$13,600,000 – Acquisition Perm

4 Year Fixed Rate Term, locked at application

2 Years of Interest Only followed by 25 year amortization

6.75% fixed rate

DETAILS:

Tenants include: Regal Cinema’s, North Broward Hospital offices, Dollar Tree, W Salon, Creative Child Learning Center, Contrology Fitness, Casa Tequila, Cadillac Sports Bar, H&R Block. Total lease area is 115,000 SF+/-. 

Difficult purchase financing due to the anchor tenant, Regal Cinema’s (53% of the total rentable space) currently being in bankruptcy. Banyan Commercial Capital secured a loan through a lender that understands the lack of vacant space in the market, and knows the likelihood of continued success of Regal Cinema’s at this location, which is a top performer for the tenant. 

Zach Nimhauser – [email protected]

Michael Brown – [email protected]