$5,850,000

Chicago, IL – December 2, 2022 – Hardwell Capital announced today that it has secured a $5.85 million loan for an 82,372 square foot, multi-tenant retail building located in Mesa, AZ.

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The multi-tenant retail building consists of two single-story structures that were constructed in 1975 and 2000. The property encompasses 8.627 acres and maintains 345 open parking spaces. Construction of the commercial building consists of load-bearing concrete masonry units with front stucco coating and wall-mounted signage for the tenants. The Phoenix MSA continues to be a market Hardwell Capital is actively lending in.

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“Hardwell Capital was able to mitigate the recent volatility in treasuries by negotiating an early rate lock at application and providing flexibility by eliminating any prepayment penalty,” said Mr. Streit

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Hardwell Capital worked exclusively on behalf of their client to secure the permanent loan structured with a 5-year fixed term. The loan was placed with a correspondent lender.

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The loan was originated by Edward Streit, a Principal at Hardwell Capital.

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Contact:
Hardwell Capital
30 S. Wacker Dr. Suite 2200
Chicago, IL 60606
312-682-6590
info@hardwellcapital.com