Retail Development Las Vegas, NV

$3,400,000

Retail Development
Las Vegas, NV

A $3.40MM First Mortgage (91% LTC) secured by the fee simple interest in a 1.4-acre development parcel located in Las Vegas, NV. The loan was used to refinance existing debt and fund the construction of two preleased, independent retail buildings. The property had NNN long-term leases in place with two strong corporate tenants that would take occupancy upon construction completion.