PHOENIX-CBRE has completed arrangement of $15 million in refinancing for Hayden Peak Crossing, a grocery-anchored shopping center located at the southeast corner of Hayden Road and Thompson Peak Parkway in Scottsdale.
Working on behalf of a single purpose entity controlled by Pederson Group, Inc., CBRE placed a permanent loan with Nationwide Life Insurance Company, a CBRE correspondent lender. The CBRE team representing the borrower included Rocco Mandala, Brad Miner and Brett Behnke.
“We are pleased to have secured market leading financing for this asset in terms of loan-to-value, interest rate, and interest-only payments,” says Mandala. “Pederson's wide array of shopping centers feature upscale and enjoyable environments for shoppers as well as high-profit opportunities for its growing assortment of retail tenants.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
