Finance i Ohio

Uber Capital Group closes $29.5 million acquisition loan for retail portfolio

Uber Capital Group closes $29.5 million acquisition loan,ph01
Medwick Marketplace

Led by president and founder Joel Gorjian, commercial real estate financial advisory and mortgage origination firm Uber Capital Group has sourced a $29.5 million acquisition financing loan for the purchase of a portfolio of four retail properties, including the Medwick Marketplace in Medina, Ohio, as well as other shopping centers in Hooksett, New Hampshire; Lithonia, Georgia; and Fairview Heights, Illinois.

The client was a private national commercial real estate investment group based in New York. Uber sourced the loan from a private lender operating nationally.

The four-property portfolio contains 900,000 square feet. Uber Capital Group closed a 10-year fixed-rate loan with an interest rate of 4.5 percent and a 25-year full amortization and partial recourse.