LAS VEGAS, NV – Private real estate investment firm, Moonwater Capital and its equity partners have secured $116 million in long-term permanent financing to recapitalize a six-building office portfolio in Las Vegas, NV.
The 611,248-square-foot portfolio is 97% leased, primarily to large national tenants with strong credit and balance sheets.
The financing was provided by Citi Real Estate Funding Inc. and Barclays Capital Real Estate Inc. The proceeds from the 10-year CMBS loan were used to retire the existing debt on the individual assets and buyout the existing investors.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
