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  • Consists of two parcels: the retail center and an industrial warehouse
  • 89% occupied at closing
  • A number of tenant leases expire during loan term
  • Some tenants not required to report sales
  • Borrower requesting partial release provision for a portion of the collateral
  • Warehouse is believed to have significant value-add potential
  • Structured rollover reserve to address anticipated leasing costs
  • Structured creative partial release provision
  • Historically stabilized property in a prominent corner location
  • Non-recourse
  • Fixed-rate bridge loan with a 3-year term plus extensions