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Multi-Tenant Shopping Center – Acquisition Financing

Palm Desert, CA

$13,000,000

Palm Desert, CA

$13M Acquisition Financing

 

Outcome:

 

  • $13M CMBS loan
  • 75% LTV
  • Negotiated with lender to reduce holdback for roof replacement
  • 5.25% Fixed - Non-Recourse
  • 10 years Term, 30 years Amortization

Property and Location:

 

  • 80,000 square feet shopping center
  • 80% occupancy
  • Palm Desert, CA

Constraints:

 

  • Short due diligence window
  • Required roof replacement revealed by property condition report


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