Commercial Real Estate Finance California, Acquisition Loan
Commercial real estate finance lender makes a $10 million acquisition loan for a 70,000 square foot grocery store in northern Califonia. The store is in a well located, urban in-fill environment. The property has more than 100 parking spaces. The grocer is on a long term NNN lease. Loan terms included an interest rate of 5.5%, a 10 year loan term, no lender fee.
Commercial mortgage broker Financial Compound arranged for this financing. The transaction involved an acquisition of a single-tenant retail center for a repeat client. The close working relationship between the borrower and this commercial mortgage broker helped faciliate a quick and smooth loan placing and processing, allowing the borrower to lock in and enjoy a long-term interest rate for the property at historically low interest rate levels. At the core of Financial Compound’s business philosophy is its keen studying and analysis of the commercial real estate finance markets.