NEWSROOM
July 31, 2024
$1,050,000 Acquisition Loan for a Retail Building located in Tolleson, AZ
PACT Capital has recently closed a $1,050,000 acquisition loan for a 3-unit retail property located in Tolleson, AZ. Our team negotiated and secured a competitive 3-year fixed rate term over a 25-year amortization period at 70% LTV with no prepayment penalty.
The borrower recognized the potential of this prime location and engaged our firm to secure the loan with a competitive cost capital, minimal equity injection and repayment flexibility. From initial rate locked at application to closing, the loan was completed in 65 days with no changes from application to loan documents.
With our team’s broad network of commercial capital providers, we are ready to provide unmatched flexibility and the most competitive cost of capital to meet your retail lending needs.