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  • $27,750,000

$27,750,000

Robb Capital Secures $27.75 Million Financing for Prewitt’s Point

Date: On December 27th, 2012, Robb Capital is thrilled to announce the successful arrangement of a substantial financing package amounting to $27,750,000 for Prewitt’s Point, an impressive retail center spanning 209,017 square feet, strategically located in the heart of Osage Beach, Miller County, Missouri.

Property Details:

–  Property Name: Prewitt’s Point

–  Property Type: Prewitt’s Point is a thriving retail center, offering an extensive range of commercial and retail opportunities.

– Loan Amount: The financing deal secures an impressive $27,750,000, which includes a cash-out component, providing valuable liquidity for the borrower and supporting further enhancements to the property.

– Interest Rate: This financing package delivers a competitive fixed rate of 4.34%, ensuring favorable and stable terms for the borrower.

– Amortization Period: With a generous 30-year amortization period, the financing structure is designed to offer extended flexibility, supporting the property’s long-term sustainability.

– Term: The financing features a non-recourse 10-year term, thoughtfully aligned with the borrower’s specific needs and objectives.

– Type of Program: The financing package is thoughtfully structured as a Permanent Takeout, providing long-term stability and predictability for both the borrower and investors.

– Loan to Value (LTV): The loan-to-value ratio stands at 75%, offering a highly favorable condition for the borrower and contributing to the property’s continued success.

– Total Square Feet: Prewitt’s Point encompasses an expansive 209,017 square feet of retail space, solidifying its position as a major retail hub in the region.

– Address: Conveniently situated at NEC Osage Beach Parkway & Highway 42, Osage Beach, Miller County, Missouri, with the zip code 65065, this prime location offers easy accessibility and ample exposure.

Moreover, this remarkable achievement has been prominently recognized, with the loan transaction ranking as the #6 transaction nationwide in Fitch Ratings, underscoring the excellence of this financing arrangement.

Robb Capital is deeply honored to have played a pivotal role in securing financing for Prewitt’s Point. This successful financing endeavor further bolsters the property’s reputation as a thriving retail center in Osage Beach, Missouri, and significantly contributes to its continued growth and prosperity.