Shea Plaza

Anchored Retail Center in Phoenix, Arizona

Property Description: 93,912 square foot retail center located in Phoenix, Arizona. The property is 100% occupied and anchored by Basha’s grocery store and a Walgreen’s drug store.

Investment Profile: Strong performing in-fill shopping center with value added component from the planned addition of corner pads.

Loan Amount: $13,900,000

Loan Type: Acquisition and reposition first mortgage bridge loan

Deal Highlight: The Sponsor required 96% financing for its acquisition of the property. Mesa West Capital provided the aggressive loan-to-cost financing and provided the Sponsor its required prepayment flexibility.

Mesa West Capital provided the aggressive loan to cost financing and met the Borrower’s quick acquisition timing.

Like to stay up to speed on new Mesa West transactions? Contact us as info@mesawestcapital.com or call us at (310) 806-6300.