American Realty Advisors Provides Mezzanine Financing for the Acquisition of Broadway Marketplace.GLENDALE, Calif. -- American Realty Advisors announced today the funding of a mezzanine loan A mezzanine loan is a relatively large loan, typically unsecured (ie., not backed by a pledging of assets) or with a deeply subordinated security structure (e.g., third lien on the property but non-recourse vis-a-vis the borrower). for the acquisition of the Broadway Marketplace, a 388,000 square foot retail property located in Denver, Colorado. This institutional-quality community shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into is located in a high-density metropolitan area approximately 1.5 miles south of downtown Denver. The financing was provided on behalf of one of American's institutional pension fund clients. The Broadway Marketplace investment combines excellent sponsorship, top quality tenants, strong anchor performance, and outstanding demographics The attributes of people in a particular geographic area. Used for marketing purposes, population, ethnic origins, religion, spoken language, income and age range are examples of demographic data. . The location represents one of the premier in-fill locations in the area due to its proximity to major arterials, high population density, access to a major light rail stop, and planned additional local housing growth. The property is leased to a high quality tenant roster with an average remaining lease term in excess of 10 years. American's President and Chief Executive Office, Stanley L. Iezman, commented: "The demand for high quality grocery-anchored retail real estate throughout the nation has resulted in intense competition for assets like the Broadway Marketplace. The mezzanine financing Mezzanine Financing A hybrid of debt and equity financing. Mezzanine financing is typically used to finance the expansion of existing companies, and it is basically debt capital that gives the lender the rights to convert to an ownership or equity interest in the company if the provided by American demonstrates our ability to offer creative financing Creative Financing is a term used widely amongst real estate investors to refer to non-traditional means of real estate financing, or financing techniques not commonly used. solutions to experienced local operators while at the same time providing superior risk-adjusted returns Risk-Adjusted Return A measure of how much risk a fund or portfolio takes on to earn its returns, usually expressed as a number or a rating. Notes: This is often represented by the Sharpe Ratio. The more return per unit of risk, the better. for our clients." American Realty Advisors is a leading provider of institutional real estate investment management services including acquisition, disposition, development, structured finance, and active asset management. With $1.8 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , American has created customized investment strategies for public employee and corporate pension funds, endowments, foundations, and Taft-Hartley funds for over 15 years. The firm's nationwide portfolios include office, industrial, multi-family, and retail properties. American can be found online at www.americanreal.com. |
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