St. Louis, Missouri – Our Commercial Loans information comes from the St. Louis MSA (Metropolitan Statistical Area) tonight. A Net Leased Property received a substantial Commercial Loan recently. Commercial Mortgage Lenders were capable to arrange funding for the Mackenzie Pointe Shopping Center. This Commercial Loan was funded in the amount of $8.5 million. Commercial Mortgage Lenders secured financing that is based on a 10 year commercial loan term. The Commercial Loan has some breathing room as it has a 25-year amortization schedule so the payments are not too steep. The actual capital was funded through Commercial Mortgage Lenders by a Life Insurance Company.
This commercial loan collateral is a prime net lease property that is situated at 7241 Watson Road in Shrewsbury, Missouri. The commercial loan collateral in Shrewsbury is approximately 8 Miles southwest of the Big City, St. Louis. Mackenzie Pointe Shopping Center is a grocery-anchored retail shopping center with a local favorite as the Grocery store, Dierbergs.
Dierbergs has history from 1961, when Bill’s son Bob entered the business fresh from college. Bob Dierberg opened the Four Seasons store around 1967, and then a second location just four miles west of the Creve Coeur store. A steady expansion throughout the St. Louis metropolitan statistical area (MSA) started around 1976 with a third store in Oakville. Today, there is a fourth generation of Dierbergs with primary leadership roles in this Grocery Store company. Dierbergs now has over 21 store locations in Missouri and in Illinois.
The commercial loan collateral, Mackenzie Pointe Shopping Center, is positioned on approximately 23.19 acres and the net lease property has about 167,899 square feet of leaseable space. The commercial loan collateral had a Household Finance Corp. leasing office space however they are moved out. The other net lease property Tenants besides Dierbergs are Shoe Carnival, Sally Beauty Supply, Radio Shack and H & R Block for tax preparation. Mackenzie Pointe Shopping Center is positioned off Watson Road and just south of River Des Peres Boulevard.
The Commercial Loan collateral is sitting in an area that had recent plans for more NNN Commercial Real Estate developments. There were two proposals to develop the Kenrick Plaza retail shopping center on Watson Road and. One NNN Commercial Real Estate development plan was for a Wal-Mart supercenter and the other for a five-building retail shopping center. Projects like these bring in a higher density of retail foot traffic thus helping Borrowers pay down there commercial mortgages.
We specialize in:
- Commercial Loans for Multifamily Apartment Buildings
- Commercial Loans for NNN Commercial Real Estate (CTL Financing)
- Commercial Loans for Office Buildings, Office Parks
- Commercial Loans for 1031 Exchange financing
If you are seeking to buy investment property, especially in the areas listed below, then fill out our easy Commercial Loan Form
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