Deal: Petco Plaza
Location: Helena, MT
Collateral: A single story masonry in-line retail center constructed in 2005. The property is 100% occupied by 4 tenants.
Type: Refi, Perm-Fixed
Purpose: Our clients wanted to refinance their current loan secured by this 100% occupied, nice little retail property, and recoup some of their trapped cash equity while they were at it. The problem? The property is located in a small town in Montana. We were able to find a local bank to fund more than the requested loan amount on very favorable terms.