Sun Shadow Square

Location: Sun City, AZ
Type: Retail
Price: $ 8,500,000

SMC provided an $8,500,000 first mortgage to refinance existing debt in the amount of $6,400,000 at the Property. The Loan provides for a 10-year term, amortizing over 30 years. All tenants at the Property represent less than 10% of the base rent at the Property, and approximately 50% of the gross leasable area has been in occupancy at the Subject for ten years or longer. The Subject is located in an infill area, and the loan represents a conservative loan-to-cost ratio, at 66%.