Phoenix, AZ

$1,900,000

Office

Purchase

09/20/2019
Transaction by
Newport Commercial Capital
Private Money Loan for the acquisition of a commercial property in Phoenix, AZ. The purchase price was $1,950,000 and was funded by Newport Commercial Capital. The buyer will rezone and build out the space for resell. The after repaired and rezoned value is around $7,000,000. This was both the borrower’s first application and first loan with Newport Commercial Capital.