NXT Capital's real estate finance group has funded a $27 million loan for the acquisition of the Valley Commerce Center. The company provides non-recourse floating rate first mortgages of $15 million to $75 million on value-add transactions.

Valley Commerce Center is a two-building, 216,000 square foot, class-B office complex located in Phoenix, Arizona. It is located four miles north of downtown Phoenix and six miles northwest of Phoenix Sky Harbor International Airport.

Tim Storey in the Phoenix office of Newmark Realty Capital placed the loan on behalf of the borrower.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.