Howell Crossing 1 Howell Crossing 2 Howell Crossing 3 Howell Crossing 4
Situation/Challenges
  • Class B unanchored retail shopping center
  • 69% occupied
  • Future capital needed to address vacancy and attract new tenants
  • Lease up efforts at the property faltered over the past few years due to previous owner inattention
  • Three tenants paying abated rents under various terms
  • Located in Atlanta, GA metro area
Solutions/Highlights
  • Structured future funding facilities of $538,500
  • Outparcel tenant is popular restaurant that brings significant amount of traffic to the property.
  • Sponsor intends to implement a new leasing plan with a broker who has unique experience in this market
  • Non-recourse
  • 3-year term plus extensions