New Caney, Texas – Our Commercial Loans information comes from the great State of Texas. Commercial Mortgage Lenders have arranged financing for a Grocery-anchored shopping center. This Commercial Loan was funded by an Insurance Company for the New Caney Shopping Center. This Commercial Loan was not a Non recourse Loan. The Commercial Mortgage was a full-recourse, fixed-rate commercial loan. Commercial Mortgage Lenders was able to implement terms of five years, based on a 25-year amortization and an interest rate of 6.0%. $2,350,000 was the amount of the Commercial Mortgage funded. The Commercial Loan is secured by the New Caney Shopping Center which came to a 63% LTV.
This New Caney Retail Shopping Center is a 55,944 square-foot retail center and was built in 1982. This Retail Shopping Center home to major tenant Brookshire Brothers. New Caney Shopping Center is located at 20185 US Highway 59, in New Caney, Texas. Texas is an excellent area for our Commercial Mortgage Lenders to fund loans.
This Grocery-anchored shopping center has excellent highway exposure.As recently as last year the parking lot had a capital improvement of a new parking overlay at a cost of over $100,000.00. This Investment Property is located within a 20 minute drive on US Highway 59 from Houston Intercontinental Airport. The Investment Property is situated at the southwest section of US Highway 59 (Interstate 09) and FM 1485 in New Caney.
Commercial Loans & CTL Financing Available
If you are in need of a Commercial Loan then contact us, HERE for a Loan Quote. We can also assist you with your Commercial Real Estate Mortgage to purchase a CVS, FedEx, Walgreens, Target, or Publix.
- Commercial Loans for Multifamily Apartment Buildings
- Commercial Loans for Retail Shopping Centers (CTL Financing)
- Commercial Loans for Office Buildings
- Commercial Loans for Hotels
- Commercial Loans for Industrial Properties & Industrial Office Parks
- Commercial Loans which are Non Recourse Loans
- Commercial Loans for Medical Buildings & Medical Office Parks
- Commercial Loans for GSA – Government Leased Properties
