$30.2MM Retail Shopping Center Recapitalization|Las Vegas, NV

Structured and arranged long-term fixed-rate senior debt to recapitalize a 31,000-square-foot retail shopping center next to the Hard Rock Casino in Las Vegas, Nevada.

Challenges

The closing had stalled with a potential lender and the existing financing was coming due shortly. Most of the leases had less than a year of seasoning, making it difficult to count percentage rent. Furthermore, historical billboards were difficult to calculate due to gaps in operating history.

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