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SOURCE: The Real Estate Finance Group Inc.
TREFG Overcomes Challenges to Finance Single Tenant Asset in Arizona.
New York, NY (PRWEB) January 02, 2013
Today The Real Estate Finance Group, Inc. (TREFG) announced the closing of financing it arranged for an individual investor. A California investor exclusively hired TREFG to source financing for one of his investment properties, a Walgreens located outside California.
Gianni Novo, Partner at TREFG arranged the financing with a local credit union he sourced following several starts and stops with traditional institutional sources. "This was an especially challenging assignment due to several factors including the location, the ground lease and the remaining term on the Walgreens lease," added Novo.
The property was financed with a $1,900,000 10 year loan at 4.9% and a 25 year amortization.
The Real Estate Finance Group, Inc. (TREFG) is based in Los Angeles and New York City and has an offices in Kansas City and San Diego, CA. The company provides debt and equity for Commercial and Multi-family assets Nationwide.
Media Contact: Adam Petriella, Founder, Managing Partner 212-288-6539 X101
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