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$11.1MM Acquisition of Grocery Anchored Retail in Arizona
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Recent Transactions

Summary: BluePoint successfully arranged financing of a 140,000+ SF grocery anchored center in a tertiary market in Arizona. The property’s occupancy was only 84% at close but there was reason to believe the property would begin trending in a positive direction and the lender viewed the new ownership as a strength.
Loan Amount: $11,100,000
Property: Grocery Anchored Center
Location: Arizona
Purpose: Acquisition
Fixed Period: 10 Years
Interest Only: 3 Years
Amortization: 30 Years
Recourse: Non-Recourse