Arriba Capital Closes a $5M Retail Construction Loan: Cypress, TX

SCOTTSDALE, Ariz. - Jan. 8, 2016 - PRLog -- Arriba Capital (Arriba) successfully closed a $5,000,000 construction loan for a seventeen thousand square foot retail center located in Cypress, TX. The project was fifty-five percent (55%) preleased at the time of closing in which Mo’s Irish Pub, a locally owned and operated restaurant, will anchor the retail center.

The debt was structured at eighty-percent (80%) of cost and priced at Prime plus 1.70% (4.95%). After the initial twelve months of interest only payments, the loan will convert to a twelve (12) year term with a twenty-five (25) year amortization.

The borrower is an experienced, privately held, restaurant group that currently owns and operates restaurants in Texas, Wisconsin, & Indiana.

ABOUT ARRIBA CAPITAL

Arriba Capital is a fully-integrated, commercial real estate finance and investment company. We provide asset management, investment banking, capital markets services and advisory solutions. Our seasoned professionals – many of whom have more than 10 years of experience, have worked with hundreds of developers and investors by offering insight and analysis for structuring projects, repositioning assets, negotiating payoffs and providing guidance to enable our sponsors to achieve successful results in these rigorous markets. Our track record of completed transactions speaks volumes in our ability to execute and deliver competitive and innovative realty capital.