We are pleased to announce that Archway Fund recently closed a $5,775,000 acquisition loan on a two-tenant, 47,000 SF retail center in Missoula, Montana. The property was recently remodeled and had new leases anchored by Cash and Carry. Borrower required a quick close in order to accommodate their 1031 exchange.
Why Archway Fund? Sponsor chose Archway Fund due to their requirement for a lender with a non-bureaucratic approval process, quick closing and no appraisal required.
Loan Details: $5,775,000 Loan, 70% LTV, 12-Month Term, 7.99% IR
Please contact Marissa Wilbur for all new loan submittals. Marissa can be reached at 424.270.0168 or email@example.com