Arriba Capital Closes $1M Land Loan in Houston, TX

SCOTTSDALE, Ariz. - Jan. 14, 2014 - PRLog -- Arriba Capital successfully closed a $1 million commercial loan to acquire 2.271 acres of land located in Houston, TX. In this difficult market for obtaining land loans, Arriba was able to negotiate favorable terms on behalf of the borrower, a 5.25% rate, 2-year term, at 50% LTV. The borrower has recently engaged Arriba Capital to secure a multi-million dollar construction loan to build a high-end steakhouse under his existing brand.

The financing was arranged by Joel Nathanson of Arriba Capital.

About Arriba Capital

Arriba Capital is a fully integrated financial services company and a brand synonymous with excellence in commercial real estate. Arriba Capital has a diverse and innovative product line to optimize all of your needs, including asset management and various types of debt and equity programs. Our seasoned professionals have worked with hundreds of entrepreneurs, developers and investors by offering insight and analysis for structuring projects, repositioning assets, negotiating payoffs and providing guidance to enable you to achieve successful results in these rigorous capital markets. Arriba Capital focuses on providing financing solutions for transactions across a range of property types anywhere in the U.S. Arriba Capital is headquartered in Scottsdale, Arizona with a regional presence throughout the nation