$38MM Retail Shopping Center Recapitalization|Miami, FL

Structured and arranged medium-term, fixed-rate senior debt to recapitalize a 120,000-square-foot retail shopping center located in Miami, Florida.

 

Challenges

The borrower was seeking high-leverage, long-term fixed-rate financing even though the property was in a transitional stage. The L-shaped anchor tenant space was vacant and although several tenants had signed leases, they had yet to take possession. Additionally, a number of leases had termination options set in the same year, which, if exercised, had the potential to create a significant vacancy.

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