Henry Street Capital has arranged $935,000 in term debt to finance the sale of a single tenant property located in Ponca City, OK. The tenant, Fresenius Medical Care, has over 16 years remaining lease term. Kevin Sellers arranged the financing on behalf of the buyer, a private investor in Florida. The interest rate is fixed for 10 years @ 3.54% on a 30-year amortization schedule. Financing was secured through the national single tenant lending division of a Midwest based commercial bank.
Month: April 2021
Sunset Ranch Flex Center – Tucson, AZ
Henry Street Capital provided capital advisory services to the developer of Sunset Ranch Flex Center in Tucson, AZ. The 3.36-acre site will be developed with four buildings totaling 28,800 square feet for lease to office and retail tenants. Kevin Sellers advised the client, a California based commercial real estate investor. Construction and “mini-perm” financing in the amount of $2,785,000 was secured through a Tucson based commercial bank.