Matthew Hoyt with CommCap Advisors recently arranged a $1,080,000 acquisition loan for 2580 W. Brooks Ave in North Las Vegas, NV. The loan offered the best long-term, low-cost, fixed-rate option for the borrower with zero prepayment penalty and no reserve requirements. This loan was originated amidst the Covid-19 Pandemic, and funded within the closing timeline of the Purchase Sale Agreement, with excess time to spare. CommCap Advisors has remained open throughout the pandemic and is continuing to quote and close new loan requests.
Loan Highlights
Property Type: Industrial
Property: 2580 W. Brooks Avenue
Lender Type: Bank
Recourse: Full
Loan Amount: $1,080,000
Term: 10 year
Amortization: 25 year
Interest Rate: 3.75%
Matthew Hoyt
702-792-7558
MHoyt@commcapnv.com
