Retail Acquisition
- Capital Source: Local Credit Union
- Purpose of Loan: Acquisition
- Loan Amount: $3,200,000
Transaction Details:
Tower Capital recently arranged $3,200,000 in permanent financing for the purchase of a multi-tenant retail center in the Southeast Valley. The subject property, branded Plaza at Guadalupe, is a Wal-Mart Neighborhood Market center with an abundant tenant mix consisting of Dollar Tree, Anytime Fitness, Angry Crab, and more. The center is positioned in a rapidly expanding area of Mesa located just 3.4 miles west of the Loop-202 freeway.
Tower Capital, through a targeted marketing campaign, was able to successfully arrange long-term, fixed-rate permanent financing to allow the sponsor to seamlessly implement their business plan. Although the sponsor had existing local direct lending relationships, they ultimately decided to leverage Tower Capital’s extensive network of unique and active capital providers to allow Tower to generate a competitive lending environment, ultimately delivering ultra-competitive pricing and terms from the capital markets community.
About Tower Capital
Tower Capital is a private real estate capital advisory headquartered in Scottsdale, AZ with a regional office in Denver, CO. We specialize in arranging debt and equity (permanent, bridge, construction, joint-venture, pref/mezz, etc.) on behalf of private and institutional sponsors across all major commercial real estate asset types including industrial, multifamily, BTR/SFR, office, retail and hospitality through a variety of capital sources including life insurance companies, debt funds, commercial and investment banks, pension funds, family offices, Fannie/Freddie, HUD, CMBS, specialty finance companies, and more. To date, Tower Capital has arranged over $3.5 billion in debt and equity on behalf of our clients.
