DALLAS—Dallas-based VistaPointe Partners has successfully placed the refinance debt for two separate retail assets totaling $6.65 million, GlobeSt.com has exclusively learned.
Seth Denison, senior vice president of business development for VistaPointe Partners, negotiated both transactions on behalf of the borrowers.
In the first transaction, the existing ownership purchased a 15,000 square foot retail asset in Cocoa Beach, FL. According to the new business plan, the owners will retain possession and management of the asset. The CMBS loan was sized to 80 percent of appraised value and funded in six weeks from term sheet execution, fixed at 4.60 percent for 10 years at $2.65 million.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
