Newport Capital Partners, a real estate investment manager with multiple closed-end funds in their portfolio, came to our business lending experts with a major investment goal: the acquisition and capital improvement of an El Rancho Supermercado grocery anchored, multi-tenant neighborhood center with Starbucks located immediately on I-35 just Northwest of downtown Dallas in Lewisville, TX.
To fulfill this need, a $16M non-recourse loan was created with built-in performance metrics shaped to the borrower’s specific requirements. This creative lending solution provided the asset and borrower with interest-only payments in the first two years enabling them to achieve their business plan execution goals over the hold period and the life of the loan.
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Backing Business: Real Estate Investment Manager in Texas
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