AMERICAN FORK, UTAH—Churchill Commercial Capital,Inc. (Cynthia Hammond, CMB, president, Tom Ryan VicePresident) has arranged a $36.5 million firstmortgage and $4 million mezzanine loan secured bythe 100% leased North Pointe BusinessPark Buildings C, D and E in American Fork. Inaddition to the debt, replacement equity for the ownership wasarranged by Churchill. The loans were funded by a major investmentbank and separate hedge fund for North Pointe Buildings,LLC, paying off existing lenders in full.

The sponsor Robinson Brothers Constructiondeveloped the five building, 344,250 square footNorth Pointe Business Park. The firm originally came to Churchillto refinance Building C, a single, 78,350 squarefoot, 88% leased, dual tenant class A office building. This dualtenant building became single tenant within months, as one of theoccupants gave notice to vacate. With a rapidly approaching loanmaturity, Churchill secured an extension of the bank loan.Churchill then recommended adding to the loan the adjacent 75,500square foot similar property, Building D, in orderto increase overall

occupancy.