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
Fixed Period: 10 Years
Interest Only: 3 Years
Amortization: 30 Years