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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
11/15/2017
Property Type
Retail
Property City
Missoula
Property State
MT
Interest Rate
%
Origination Points
%
Deal Summary
In November 2017, Archway Fund closed a $5.775 acquisition bridge loan on a two-tenant, 47,000 SF retail center in Missoula, Montana. The property was recently remodeled with newly executed leases anchored by a Cash and Carry. Borrower required a quick close in order to accommodate their 1031 exchange. The Sponsor chose Archway Fund due to their requirement for a lender with a non-bureaucratic approval process, quick closing and no appraisal required.
Funded By
Archway Capital
National Non-Recourse Bridge Loan & Equity Provider