The Shops at Mesa Ridge

$6,300,000 Retail Loan from Bank

City: Fountain, CO
Loan amount: $6,300,000
Lender type: Bank
Property type: Retail
Size: 29,428 SF

Transaction description

Dave Semmer of PSRS arranged the $6.3 million refinance of a retail property in Fountain, Colorado. The subject property is a 29,428-square-foot shadow-anchored retail property in Fountain (Colorado Springs MSA), Colorado. Financed with a bank execution, PSRS provided its borrower a non-recourse loan, 7-year fixed-rate financing with a 5.64% rate (1.70+ spread), and a 25-year amortization. Through coordinated efforts between the lender and the buyer, Dave put the financing together in 36 days.

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