4 Year Fixed Rate Term, locked at application
2 Years of Interest Only followed by 25 year amortization
6.75% fixed rate
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@example.com
Michael Brown – firstname.lastname@example.org