Real Estate Weekly
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Banking and FinanceDebt & Equity

Uber Capital shops around

Uber Capital Group has sourced $29.5 million in acquisition financing for a four-property, 900,000 s/f retail portfolio in Ohio, Illinois, New Hampshire, and Georgia

Led by president and founder Joel J. Gorjian, the company worked on behalf of a private national commercial real estate investment group based in New York and sourced the loan from a private lender operating nationally.

The loan has a 10-year fixed rate of 4.5 percent, with a 25-year full amortization and partial recourse.

“Our team’s extensive experience in both financing and operating retail properties nationwide allowed us to secure advantageous terms from the lender in only seven days of receiving this assignment, despite the shopping centers located in different regions and in markets with significantly varying local conditions,” said Gorjian.

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