Freedom Financial Funds Secures $10.6M Loan For Mesa Retail Acquisition

The Northpoint Shopping Center in Mesa, near Phoenix, was the subject of a recent transaction where Freedom Financial Funds secured $10.6 million in financing for its acquisition. The property, built in 1987, spans 159,913 square feet and is located at 1042-1150 North Higley Road, Mesa, AZ. Tenants within the shopping center include Basha’s, Ace Hardware, and 360 Community Thrift Store, with neighboring establishments like Shell, Taco Bell, and McDonald's.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,600,000
• Address: 1042-1150 North Higley Road, Mesa, AZ
• Market: Mesa, AZ
• Tenants: Basha’s, Ace Hardware, 360 Community Thrift Store
• Neighboring Establishments: Shell, Taco Bell, McDonald's

Freedom Financial Funds, acting as the broker in this deal, facilitated the $10.6 million financing for the purchase of the Northpoint Shopping Center. The acquisition loan was specifically obtained for the property, which is a prominent retail asset in Mesa. This transaction showcases the financial expertise and capabilities of Freedom Financial Funds in the real estate market.