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$17,000,000 | Portfolio: Phoenix, AZ building

Portfolio: Phoenix, AZ

Transaction Type

Loan Refinance


Loan Type

Permanent Loan

Situation & Challenges

  • Borrower sought permanent loan despite portfolio occupancy only being at 74%
  • Borrowing entity comprised of numerous tenants in common (TIC)

Solutions & Highlights

  • Experienced Sponsorship
  • Upfront reserves in lieu of ongoing reserves