$7.6MM Retail Property Recapitalization|Gastonia, NC

Structured and placed a first mortgage permanent loan to recapitalize a 63,937 sq ft grocery anchored retail center.     

Challenges

Sponsor desired to recapitalize their existing highly leveraged retail property with long-term debt. The current transitional loan was nearing maturity as the COVID pandemic took effect. Compounding matters, several tenants asked for rent relief during the placement process.

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