Deal of the Week – Retail Acquisition

We recently secured approvals for the following deal:

Loan Amount: $4,550,000 (lender can go well above this amount)

Property Type: Multi-tenant Retail

Leverage: 70% of purchase

Amortization: 30 year (not easy for retail!)

Rate: Fixed at 6.75% for 5 years

Fee: None

Prepay: Simple step down

Market: Mid-Atlantic & New England

#acquisitionfinancing #retailfinancing #commercialrealestate