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.
Henry Street Capital provided capital advisory services to secure a $2,280,000 term loan for the buyer of Glendale Towne Center, a multi-tenant retail property in Glendale, AZ. The interest rate is fixed for 5 years @ 4.20% on a 30-year amortization schedule. The loan term is 10 years with no pre-payment penalty. Financing was secured through a California based credit union. Kevin Sellers advised the client, a private investor in Northern California.
Henry Street Capital arranged $6,666,586 in term debt to finance the acquisition of Kirksville Commons, a new multitenant retail property in Kirksville, MO. The property is 100% occupied by Hobby Lobby, Marshalls, Petsmart and Shoe Sensation. Kevin Sellers arranged the financing on behalf of the buyer, a private investor based in Minnesota. The loan term is 7 years with 25-year amortization. The interest rate is fixed @ 4.97% for the full term. Financing was secured through a national commercial bank.