Calabasas, CA (PRWEB) October 29, 2013
Partners Capital Solutions, Inc. (http://www.PartnersCapitalSolutions.com) has funded a $5.2 Million bridge loan for Yuma Mesa LLC to acquire and renovate a major retail center in Yuma, Arizona. The property is at the corner of 4th Avenue and 16th Street, one of Yuma’s busiest intersections, and the retail center is anchored by one of the highest grossing Big Lots stores in Arizona and by Del Sol Market.
Crossroads Prime Commercial Inc., Yuma Mesa LLC’s managing member, has been working with the City of Yuma for over a year to improve traffic flow and access to the retail center. With forty years of experience in Arizona commercial real estate, they have a plan and are eager to resolve the access issues and redesign the property to realize its full potential as a major retail center at this very high traffic intersection.
“This 4th and 16th corner location has long been a primary corner in Yuma, and we look forward to bringing it up to new standards. If all goes well, Yuma Mesa will serve as the anchor to a new redevelopment area that the City of Yuma is undertaking along 4th Avenue to the North,” said Mr. Will Clark, a Principal of Crossroads Prime Commercial.
Mr. Clark added, “PCS has been a great partner to work with because they really understand the development process. They were patient in due diligence and flexible with an evolving financing plan. We couldn't be happier with the successful financing they provided for this acquisition.”
“There are excellent redevelopment opportunities for two building pads on-site, and we already are in lease negotiations with strong tenants. PCS’s loan also will fund improvements to the center’s parking lot and landscaping. When we’re done this well-established retail center will bring a fresh, new look and feel to the area,” Mr. Clark concluded.
For more information on Partners Capital Solutions, located in Calabasas, CA, please call Michael Klein at 818.676.3337, or visit http://www.PartnersCapitalSolutions.com.
About Partners Capital Solutions, Inc:
Partners Capital Solutions (http://www.PartnersCapitalSolutions.com), a private portfolio capital provider, creates sophisticated, structured financing solutions for real estate professionals with commercial and residential deals from $2.5 million to $10 million in the Western United States. PCS has invested over $350 million to date and seeks opportunities to finance experienced investors and developers looking for fast and reliable capital.
Partners Capital Solutions Inc.
C. William Clark, Jr.
Crossroads Prime Commercial Inc.