Plaza on Broadway

Property Name: Plaza on Broadway
Location: Pearland, TX
Property Type: Medical Office/Professional/Retail
Transaction Type: Acquisition Financing
Loan Amount: Undisclosed
Details: “Our borrower required non-recourse, fixed interest rate financing to facilitate their acquisition of the subject property.  The transaction was challenging because of the tenant-in-common ownership structure, and because one of the owners was acquiring the center as part of a reverse 1031 exchange.  Thanks to highly competent counsel representing both the borrower and lender, these challenges were met in a timely manner and thus providing a significant income tax savings to our client.”
More Info: Matt Franke at 713-871-5811 or contact me