Upcoming Las Vegas Retail Property Snags $38M Financing

Remington Nevada is developing a 25-acre grocery-anchored shopping center at the entrance of Mountains Edge Master Planned community. The property is scheduled to come online in late 2018.

Calmwater Capital arranged a $36.7 million loan on behalf of Remington Nevada to refinance existing debt and finance remaining construction of the Mountains Edge Marketplace in southwest Las Vegas. The financing encompasses a $16.6 million senior secured term loan and a $20.1 million delayed draw term loan for future construction costs, tenant improvements and leasing costs.

The upcoming 101,000-square-foot Las Vegas retail property will be located at the nexus of Blue Diamond Road and South Buffalo Drive, adjacent to the Mountains Edge master-planned community. Remington Nevada purchased the site in 2015 and expects the property to be completed in late 2018…

Upcoming Las Vegas Retail Property Snags $38M Financing

Categories : Finance

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