CommCap Advisors is proud to announce the recent closing of Mountain’s Edge Marketplace, a 115,000 square foot Albertson’s shadowed anchored center located at the entrance to the Mountain’s Edge Master Plan Community. The CommCap team of Kyle Nagy and Sebastian Torres were enlisted early on in the process to help navigate borrower obstacles.
Borrower Obstacles:
Volatility in geopolitical events and treasury indices throughout closing process
Delayed tenant opening dates slowed closing process
Appraisal and Title complications
Why CommCap Advisors?
Original underwriting criteria provided sufficient movement for rate increases
CommCap negotiated holdbacks and earnout to mitigate tenant risk
CommCap obtained additional market information, comps, and data to support an increase to concluded value
CommCap and the borrower met regularly throughout the lease up process to ensure the best possible permanent loan takeout. Based upon the long term ownership objectives, CommCap sourced and closed a 10 year term, fixed rate $33,000,000 CMBS loan that offered 5-Years of interest only payments and minimal holdbacks.
Contact today for current rates!
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Kyle Nagy 702.792.7553 knagy@commcapnv.com
Sebastian Torres 702.792.7554 storres@commcapnv.com
As your exclusive advisors, CommCap utilizes proprietary systems, market expertise, and years of experience to secure aggressive financing options that best fit your property. Exclusive correspondent and servicing relationships with Life Insurance Company, CMBS, and Agency lenders ensure a broad and in-depth representation of current market conditions. Our team of advisors craft a loan structured to enhance revenue and allow you to focus on increasing cash flow.
We do not list, sell, manage, or lease property. We only arrange financing and are the best at what we do.
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