Refinance of National Retail Portfolio

Refinance of National Retail Portfolio

  • Loan Amount: $70,000,000
  • LTV: 71%

Transaction Details:
Tower Capital has arranged $70,000,000 to refinance a 14-property retail portfolio on behalf of Scottsdale-based Arciterra REIT.  The financing, which cross-collateralizes all of the assets, is structured as a $60,000,000 first position loan and a $10,000,000 mezzanine loan. This structure maximized loan proceeds to the borrower, equating to approximately 71% loan-to-value with two years interest only.

The portfolio consists mostly of neighborhood strip centers,  many that are shadow anchored by Walmart. The properties are located in Louisiana, New York, Georgia, Colorado, Illinois, Indiana, Iowa, North Carolina, and Texas. These properties were all acquired as value-add opportunities and are now stabilized.

About Tower Capital:
Tower Capital was founded to enable owners of commercial real estate to achieve their investment goals with the least amount of time, energy, and cost, while creating surety of execution and peace of mind.

Established in 2015 and headquartered in Phoenix, Arizona, Tower Capital provides customized structured financing to investors throughout the United States. We specialize in debt and equity placement ranging from $2 Million to $100 Million and have financed over $1 Billion for our clients since inception. We focus on independent financial advising with an entrepreneurial mindset, market vigilance and personalized attention to every client.