Financing Amount:
Capital Source:
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.

recent transactions


15333 N. Pima Road
Suite 375
Scottsdale, AZ 85260
AZ CMB-0928926


2626 Cole Ave
Suite 300
Dallas, TX 75204

Los Angeles

1801 Century Park East
24th & 25th Floors
Los Angeles, CA 90067
CA DRE-02237859
Copyright © 2024 All Rights Reserved Tower Capital | Website Developed by Connect Creative
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram