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Commercial Construction Loan Financing for Shopping Center

Financial Compound arranged a $5 million, 100% of cost construction financing for a shopping center in Las Vegas, Nevada.  The surrounding area is densely populated and home to numerous big box retailers.  At the time of construction financing the property was 50% pre-leased.  The loan proceeds included 100% of hard costs, soft costs, interest reserve, as well as financing and closing costs.

Financing terms included a Prime plus 0.25 interest-only rate, 12 months loan term with two six month extensions, no prepayment penalty, and 4% lender fee.  Financial Compound is a commercial mortgage broker that has close numerous 100% of cost commercial real estate finance loans.

See also : Commercial Construction Loan Financing