Mission Capital Arranges $14.3 Million in Financing for Ohio and Texas Shopping Centers

Cuyahoga Falls, Ohio and Austin, Texas — The Shoppes at Chapel Hill is an 85,229-square-foot shopping center located in Cuyahoga Falls, serving all of the northern Akron and southeast Cleveland suburbs.

Mission Capital Advisors has arranged non-recourse financing totaling approximately $14.3 million on behalf of PEBB Enterprises for two shopping centers, Shoppes at Chapel Hill, a regional shopping center in Cuyahoga Falls, and Walden Park Shopping Center in Austin, Texas. The Mission Capital team of Jordan Ray, Ari Hirt, Steve Buchwald and Jamie Matheny represented PEBB Enterprises in arranging financing for both deals.

“We generated strong interest from lenders for The Shoppes at Chapel Hill, and received numerous aggressive bids that enabled us to secure a 10-year, interest-only loan for our client,” says Ray. “We are seeing increased lender interest in quality properties in secondary and tertiary markets as real estate fundamentals remain strong.”

The Shoppes at Chapel Hill is an 85,229-square-foot shopping center located in Cuyahoga Walden Park Shopping CenterWalden Park Shopping Center is a 57,569-square-foot shopping center located in northwest Austin, Texas.Falls, serving all of the northern Akron and southeast Cleveland suburbs. The property is anchored by tenants including Staples and Michaels, and also features a Panera Bread and Brick House Tavern. Walden Park Shopping Center is a 57,569-square-foot shopping center located in northwest Austin. The property is home to a mix of national and local retailers, including anchor tenants HomeGoods, Ulta Salon, Cosmetics & Fragrance and Kirkland’s.

 

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