Finance i Ohio

Uber Capital Group provides $8 million in financing for Ohio Home Depot

Uber Capital Group provides $8 million in financing for Ohio Home Depot,ph01

Joel J. Gorjian, founder and chief executive officer of the commercial real estate financial advisory and mortgage origination firm Uber Capital Group, LLC, has sourced an $8.3 million non-recourse bank financing for the Home Depot site at the Severance Town Center in Cleveland Heights, Ohio.

The client was a private national commercial real estate investment group based in New York. Uber sourced the financing from a regional bank based in Ohio. The property is located at 3582–3622 Mayfield Road.

The financed property is located within the 59.36-acre Severance Town Center, Cleveland Heights’ regional retail power center anchored by Dave’s Market and The Home Depot, with other major tenants including Marshalls, World Gym, Fallas and OfficeMax. Cleveland Heights is an inner-ring suburb of Cleveland.