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Logan, Utah — Uber Capital Group has arranged an $11 million loan for the acquisition of Cache Valley Mall in Logan.
Joel Gorjian of Uber Capital Group originated the 10-year loan through a regional Utah bank on behalf of the buyer, an undisclosed private national commercial real estate group. The loan features a 75 percent loan-to-value (LTV) ration and a 25-year amortization schedule. The 505,000-square-foot Cache Valley Mall is home to more than 50 tenants, including JC Penney, C-A-L Ranch Store, TJ Maxx, The Home Depot and the University Stadium 6 movie theater.