Dekel Capital arranges $41million of financing for Class A office acquisition in Northwest Las Vegas

 
 
Spread the Word
Listed Under

Tags:
Commercial Real Estate
Financing
Las Vegas Business News

Industry:
Investment

Location:
Las Vegas - Nevada - US

LAS VEGAS - Feb. 13, 2018 - PRLog -- Dekel Capital, a Los Angeles-based real estate merchant bank that specializes in sourcing and placing equity and debt for active middle market commercial real estate developers and investors, today announced it recently arranged financing on behalf of Moonwater Capital, founded by Ofir Hagay – for the acquisition of a 177,007 SF Class A office building located in the up and coming Northwest Las Vegas submarket.

A $28,500,000 first mortgage loan was funded by Prime Finance to acquire the property. The balance of the capitalization was funded through a joint-venture equity investment between Moonwater and an institutional private equity fund.

         Dekel sourced the total debt and equity capital stack for this project.  "This deal highlights Dekel's ability to help our clients source the entire capital stack" said Shlomi Ronen. "Due to the nature of the lease expirations at the property, we offered Moonwater a number of debt and equity structures to address several possible outcomes as they were finalizing their business plan for the property."

Built in 2008, 6605 Grand Montecito Parkway is 90% leased to two strong local and national tenants.  The property provides an opportunity for the ownership group to create value through lease up of the remaining vacant space and developing standalone retail on the vacant parcel.

About Dekel Capital:

Dekel Capital is a Los Angeles-based real estate merchant bank with proven expertise in capital market advisory and private equity in commercial real estate. The firm serves an elite group of commercial real estate operators, investors and developers with an exclusive, boutique approach, allowing them to create tailored solutions that address unique capital challenges. For more information, please visit http://www.dekelcapital.com

About Moonwater Capital:

Moonwater Capital is a Las Vegas based boutique private equity real estate fund led by Mr. Ofir Hagay. The company specializes in value-added investments, particularly real estate opportunities in the greater Las Vegas and metropolitan surrounding areas. Moonwater Capital leverages its deep knowledge, relationships, and global experience to identify, secure, and profit from strategic real estate projects that also impact the city of Las Vegas by way of job creation and community development. Additional information can be found at: www.moonwatercapital.com.

Contact
Barbara Barnes
***@dekelcapital.com
End
Email:***@dekelcapital.com Email Verified
Tags:Commercial Real Estate, Financing, Las Vegas Business News
Industry:Investment
Location:Las Vegas - Nevada - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Dekel Capital PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share