From the gleaming towers that dot our city skylines to the simple storefronts that support our neighborhoods, commercial real estate is a ubiquitous presence in our daily lives. Yet for most of us, its presence goes largely unnoticed.
Office and retail units have long been the pillars of the commercial real estate industry. But data center space has surpassed them all in terms of growth, expanding by 17.3% in 2019. If that figure looks impressive on its face, consider the impact to come in the wake of the most powerful economic tailwind of our time: COVID-19.
Among the categories seeing demand surge as culture’s new norms are established is bandwidth. As demand for high fidelity services increases, so is the real estate that houses its technology.
While many subsets of commercial real estate are feeling the effects of COVID in troubling ways, others are poised to benefit. Regardless of the category, funding the acquisition or construction of commercial real estate is capital intensive. Timely and competitively priced funding is essential to any commercial operation’s success and bottom line.
At NAC, we live and breathe the intricacies of commercial real estate on a daily basis. Focused exclusively on lending to rural America, we fund loans of $2 million to $25 million to commercial real estate developers in a wide array of categories.
For a true partner in a commercial real estate project, Look North.
Laurel Mall is a single-level mall located in Hazle Township, Pennsylvania, was founded in 1973, and boasts an impressive 96% occupancy rate. The retail center provides storefront to over 60 commercial tenants, from clothing to beauty, healthcare to recreation, as well as underground parking, free Wi-Fi, a Play Zone Area for kids, and other amenities.
The mall’s management company, Lexington Realty International, has a history of nearly 35 years of experience managing commercial real estate assets, and a current portfolio of over $470 million.
North Avenue Capital, LLC (NAC) is a specialized commercial lender committed to excellence in every aspect of the debt-financing process with a focus on partnership, communication, and execution.
As one of the only non-traditional lenders in the country exclusively focused on USDA Rural Development program, NAC uses its expertise, capital, and relationships to build businesses, grow local economies, and create jobs in rural America.
availability of capital
NAC can lend up to $25MM per project, substantially more than traditionall financing sources focused on rural communites.
Construction Perm Loans
NAC originates interest-only construction loans, with preset conversation to permanent debt, saving borrowers from multiple closings and eliminating uncertainty, changes in terms, and equity calls.
Early Stage business
NAC works with a diverse spectrum of companies, including start-ups, projection-based businesses, and niche industries that are often unable to obtain conventional debt.
simplified loan structure
NAC specializes in consolidating multiple types of debt into a single loan structure, that is fully amortized, non-callable, with no balloon payments over time.
Are you ready to connect with a Loan Specialist? We are eager to connect.