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Bloomfield Capital
The Direct Bridge Lender and Equity Provider for Urgent Projects
$2,000,000 - $20,000,000
8.00% - 12.00%
2.00% - 6.00%
70%
80%
6 to 36 months
RRA Capital
Direct Bridge Lender for CRE | Non-Recourse, No Appraisals Required
$2,000,000 - $15,000,000
4.75% - 8.50%
0.50% - 2.00%
80%
85%
12 to 60 months
Compelted Mezzanine Loans in Oregon
RRA Capital, a direct private CRE lender, funded a $1,625,000 mezzanine loan secured by a retail center in Gresham, Oregon. Built in 1978, the shopping center consists of two buildings totaling 42,231 rentable square feet and is currently 83% occupied. The property sits on a 5.54-acre site with 257 parking spaces. As part of the transaction, one of the two buildings will be demolished to make space for a pad which will be ground leased to Chick-Fil-A. The lease was signed prior to closing and many of the tenants in the building slated for demolition have relocated to the remaining building. RRA Capital was able to provide a 2-year, mezzanine loan, working collaboratively with the senior mortgage lender and sponsorship to close the transaction quickly. The $1,625,000 mezzanine loan will be allocated across Chick-Fil-A’s site improvements, leasing costs, and other capital expenses. The loan was structured to included reserves to cover expenses prior to rent commencement. This mezz loan was funded in December 2020.