$10MM Grocery Retail Portfolio Acquisition|VA & NC

Structured and arranged a combination of long-term, fixed-rate senior debt and joint venture equity to capitalize the acquisition of two grocery-anchored retail shopping centers in Petersburg, VA & Norlina, NC.

Challenges

The properties are located in tertiary markets and the Anchor tenant was set to roll during the contemplated term of the loan. The borrower lacked the necessary balance sheet to back stop “bad boy” carve-outs on the contemplated loan.

Aruyel Nurbekova

JUNIOR ANALYST

Email

anurbekova@eyzenberg.com

D: (305) 995-0777

Alexei Muniak

ORIGINATOR

Email

amuniak@eyzenberg.com

D: (305) 995-0777 ext. 309
C: (917) 536-1057