SM Capital, Inc. And Mountain America Federal Credit Union Provide $6,980,000 Loan For Industrial Property In Mesa

The property asset involved in the transaction is an industrial space located at 260 S Hibbert St, Mesa. It encompasses a total square footage of 71,272 and is associated with a loan amount of $6,980,000. The loan type is classified as a purchase, serving as a financial instrument for the acquisition of the asset.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,980,000.00
• Address: 260 S Hibbert St
• Market: Mesa
• Lender: SM Capital, Inc., Mountain America Federal Credit Union (MAFCU)
• Landlord: DWG Capital Group, LLC
• Loan Date: 06/15/2023

Key individuals involved in the deal include the lenders SM Capital, Inc. and Mountain America Federal Credit Union, which facilitated the financing for the transaction. The landlord representing the property is DWG Capital Group, LLC, indicating their role in overseeing the asset's management and potential leasing arrangements.