CommLoan Refinances Office Building At 4425 W. Olive Ave. In Phoenix For $17.5M

The office property located at 4425 W. Olive Ave. in Phoenix, Arizona has recently undergone a refinancing transaction. The loan was provided by commloan'>CommLoan in the amount of $17,500,000. The loan terms include a 70% loan-to-value ratio (LTV), a 5-year fixed term, and a 4.4% interest rate. There is no prepayment penalty associated with this loan.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $17,500,000
• Lender: CommLoan
• Landlord: Brookwood Commerce Centre
• Brokers: Eric Little - Agency (LinkedIn Profile: Eric Little)
• David Luke - Agency (LinkedIn Profile: David Luke)

Eric Little and David Luke played crucial roles as brokers in this refinancing deal. They represented the parties involved in the transaction, facilitating the loan between CommLoan and Brookwood Commerce Centre for the office property at 4425 W. Olive Ave. in Phoenix, Arizona.