$14.4MM Retail Shopping Center Acquisition|Lake Charles, LA

Structured and arranged a combination of long-term, fixed-rate senior debt and joint venture equity to capitalize the acquisition and repositioning of a 157,000-square-foot retail shopping center in Lake Charles, Louisiana.

Challenges

The sponsor had a short timeframe to close while dealing with title issues caused by several non-consolidated ground leases. Additionally, with a Walmart opening nearby, the anchor tenant’s lease expiration during the loan term made lenders weary of potential prolonged vacancy and rollover costs.

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