Transaction Content
- 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